Tuesday 28 June 2022

US-based private equity firm Ara Partners, which specialises in industrial decarbonisation investments, has acquired UK-based sustainability-focused beverage packaging solutions producer Petainer Ltd., the firm said.

Petainer was acquired by Ara in partnership with Petainer management and affiliates of Next Wave Partners LLP.

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 packaging solutions for blue chip customers in the soft drinks, beer, water and other CPG sectors.

The company has particular strengths in refPET (multiple-use, refillable bottles), rPET (recycled PET) and circular applications.

Petainer offers a wide range of sustainable PET packaging solutions which allow its customers to reduce their carbon footprint.

It has over 35 years of experience designing and manufacturing high-quality, cost-efficient products with circularity as a core principle. It operates eight sites in Europe, the Americas and Asia to serve customers globally.

Ara Partners is a private equity firm specialising in industrial decarbonisation investments.

Ara Partners invests in the industrial and manufacturing, chemicals and materials, energy efficiency, green fuels, and food and agriculture sectors, seeking to build businesses that provide significant decarbonisation impact.

It operates from offices in Houston, Texas; Boston, Massachusetts; and Dublin, Ireland.