Aurelius, the company that acquired ECO Plastics, the PET recycler, in December last year has now acquired Regain Polymers, a bespoke compounder and recycler of post-use, rigid plastics, it has confirmed.
Aurelius Group confirmed the acquisition, “for an undisclosed sum”. Dirk Markus, Chief Executive of Aurelius Group commented: “We are very pleased to be announcing this deal which adds a further plastics recycling business to our portfolio. This positive partnership between Aurelius and Regain will create a strong commercial platform to support the Company’s current operations and longer-term strategic development.
“Aurelius has a strong track record in supporting growth and value creation in its investee companies. This, combined with our focus on operational improvement and experience in the plastics space, positions the Aurelius team very well to support the organic growth of Regain going forward.”
Regain was founded in 1991 and operates from a single site at Allerton Bywater, near Castleford, Yorkshire. It had a reported turnover of £31m in 2014 and employs over 100 people. Its broad product portfolio spans the High Density Polyethylene (HDPE), Polypropylene (PP), Talc-Filled Polypropylene (PPT) and Polystyrene (PS) polymers. Its current compounding capacity across seven extrusion lines is approximately 46,000 MT per annum and it currently operates two wash plants and a material preparation facility with a capacity of 28,000 MT per annum, allowing it to remove contaminants, paper, metal and dirt prior to reprocessing.