Petainer develops and manufactures sustainable, high-performance polyethylene terephthalate (PET) packaging solutions for blue-chip customers in the beverage sector
Ara Partners completes acquisition of UK-based Petainer. (Credit: Pexels from Pixabay)
Private equity firm Ara Partners has completed the acquisition of Petainer, a UK-based producer of sustainability-focused beverage packaging solutions.
The packaging firm was acquired by Ara in partnership with Petainer management and affiliates of Next Wave Partners.
Petainer develops and manufactures sustainable, high-performance polyethylene terephthalate (PET) packaging solutions for blue-chip customers in the soft drinks, beer, water and other CPG sectors.
The firm has expertise in refPET (multiple-use, refillable bottles), rPET (recycled PET) and circular applications.
Petainer chief executive officer Hugh Ross said: “Ara’s investment focus on industrial decarbonisation and its expertise and existing presence in the plastics recycling industry in Europe and the Americas make them a uniquely valuable partner for Petainer.
“Ara’s ownership will significantly enhance Petainer’s ability to invest in expansion alongside our multi-national customers as these customers implement their global sustainability and circularity strategies.”
Petainer also provides a range of sustainable PET packaging solutions for its customers to reduce their carbon footprint.
With eight manufacturing sites in Europe, the Americas and Asia, the firm has 35 years of experience in designing and manufacturing high-quality, cost-efficient products with circularity in mind.
Ara Partners partner Christopher Picotte said: “Petainer is a compelling addition to Ara’s portfolio of companies working to decarbonise the packaging industry through technical innovation and best practices.
“From its product leadership in the refPET and rPET markets, to the certified carbon-neutral manufacturing at its Lidköpking factory in Sweden, the company has consistently achieved success in decarbonising both its products and its own operations.
“We look forward to working with Hugh and his team and supporting Petainer in its future growth.”
Earlier this month, Ara Partners acquired Genera Energy, a manufacturer of non-wood agricultural pulp and moulded fibre products.