£31m-turnover plastics firm gets new private equity owner
PLASTIC recycling company Regain Polymers has been bought by mid-market investor the Aurelius Group for an undisclosed sum.
The Castleford business has been bought from Chamonix Private Equity, which acquired the company – then known as Linpac Recycling – in 2011.
Founded in 1991, Regain employs more than 100 people at its site in Allerton Bywater, near Castleford. It says unpublished accounts for 2014 show sales of £31m in 2014.
Tristan Nagler, managing director of Aurelius UK, said: “Regain is a robust and innovative business which has successfully met the evolving requirements of its clients for increasingly complex, technical and cost-effective compounding solutions with guaranteed end product quality.”
Regain’s current compounding capacity across seven extrusion lines is approximately 46,000 metric tonnes a year. Regain operates two wash plants and a material preparation facility with a capacity of 28,000 metric tonnes a year, allowing it to remove contaminants, paper, metal and dirt prior to reprocessing.