A major UK plastics recycling company has been acquired by an international investment firm for an undisclosed sum.
Mid-market investor Aurelius has bought Yorkshire-based Regain from Chamonix Private Equity.
Regain, which reported a £31m turnover in 2014 and employs more than 100 people, is a bespoke compounder and recycler of post-use, rigid plastics.
Founded in 1991, the company operates two wash plants and a material preparation facility from its Allerton Bywater site (pictured) near Castleford.
The company says it deals with difficult post-consumer and post-industrial plastic scrap while supplying compounds from its seven extrusion lines.
Regain has customers in the automotive, environmental, horticultural, packaging and construction markets.
Aurelius UK managing director Tristan Nagler said: “Regain has met the evolving requirements of its clients for increasingly complex, technical and cost-effective compounding solutions with guaranteed end product quality.
“We look forward to working with Regain to take advantage of the growing demand for recycled content in plastics applications from retailers, brand owners and automotive OEMs looking to reduce the carbon impact of packaging and products.”
The investment firm acquired PET recycler ECO Plastics in December 2014, in a deal which saw the exit of Coca-Cola Enterprises from its joint venture with the plastics recycler.
Aurelius’ previous investments include the acquisition of Wellman International, Europe’s largest recycler of PET bottles and a producer of polyester staple fibre products.