West Yorkshire-based plastics compounding and recycling firm, Regain Polymers, has been sold to the Imerys Group – a supplier of mineral-based solutions, headquartered in France – for an undisclosed sum.
Today (6 September) German investment firm, Aurelius Equity Opportunities SE & Co, the group which owned the company, said: “Through this acquisition, Imerys will expand its Performance Additives Division, which develops high-quality products from recycled polymers.”
Feedstock of blended polypropylene prior to extrusion at Regain’s Allerton Bywater plant
Regain Polymers, located in Allerton Bywater, reprocesses and recycles hard plastic waste in the United Kingdom. It makes its products for customers in the automotive, environmental, garden products, packaging and construction sectors.
Products
The product range includes polymers such as high-density polyethylene (HDPE), polypropylene (PP), talc-filled polypropylene (PPT) and polystyrene (PS), as well as other customer-specific plastics.
The plastics recycling firm has had some financial difficulties in its past. In 2016, following a ‘massive reduction’ in credit limits from suppliers, Regain agreed a company voluntary arrangement (CVA) with creditors, meaning it avoided going into administration. (see letsrecycle.com story)
Regain’s problems were linked to sister company Evolve Polymers, which was sold in a pre-pack administration arrangement the same year.
Aurelius
Aurelius acquired Regain Polymers in 2015, having made its first purchase in the UK plastics recycling sector with Evolve Polymers (formerly ECO Plastics) in 2014.
Regain’s management are said to be pleased to join a leading industrial group such as Imerys which will help the company pursue its ongoing development objectives.
Imerys reports a €4.2 billion revenue and close to 16,000 employees, and claims to deliver high value-added, functional solutions to a number of sectors, from processing industries to consumer goods.
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Source: letsrecycle.com Plastic
