- Repeats’ investment in Polimero follows two recent investments in Spain and the Netherlands
- Polimero is a producer of recycled low-density polyethylene
- The company will expand its production to meet growing demand for recycled plastics in Europe
Ara Partners-backed Repeats Group announced on Monday that it has bought Polimero, an Italian producer of recycled low-density polyethylene (LDPE) from Polimero’s founders, who have retained a minority stake. Repeats investment in the company is part of its plan to create a pan-European plastics recycling platform and follows two recent investments in Spain and the Netherlands. Repeats plans to expand into other European countries later this year.
Polimero is based in Rovigo, Italy and produces LDPE from post-industrial and commercial films. As part of Repeats Group, Polimero plans to continue expanding its production to meet the growing demand for recycled LDPE in Europe.
“The Repeats platform is well positioned for rapid growth and plans to become the largest independent producer of recycled LDPE resins in Europe,” said Tuan Tran, partner at Ara Partners.
Ara Partners is a private equity firm headquartered in Houston, Texas which specialises in industrial decarbonisation investments. As of September 2021 the firm had approximately $1.1 billion in capital commitments.
“We see significant opportunity for Polimero to further penetrate the Italian market by providing its clients with higher quality recycled resin,” said Greg Rung, CEO of Repeats.
Repeats is an Amsterdam-based plastics recycling platform that converts polyethylene plastic waste into resin suitable for a variety of commercial and industrial flexible plastic applications.