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Ara Partners Acquires Petainer Investment To Support Growth Of Leading Sustainable Packaging Company

Jun 28, 2022•about 3 years ago
Dublin

Description

Ara Partners ("Ara"), a private equity firm that specialises in industrial decarbonisation investments, today announced that it has acquired Petainer Ltd. ("Petainer" or the "Company"), a UK-based, global producer of sustainability-focused beverage packaging solutions. Petainer was acquired by Ara in partnership with Petainer management and affiliates of Next Wave Partners LLP.

Company Information

Company

Petainer

Location

Dublin, California, United States

About

The Company has particular strengths in refPET (multiple-use, refillable bottles), rPET (recycled PET) and circular applications. Petainer, which is led by CEO Hugh Ross, is a technical and innovation leader in the development and manufacture of sustainable, high-performance polyethylene terephthalate (PET) packaging solutions for blue chip customers in the soft drinks, beer, water and other CPG sectors. Christopher Picotte, a partner at Ara, noted: "Petainer is a compelling addition to Ara's portfolio of companies working to decarbonise the packaging industry through technical innovation and best practices.