The Petainer Group has secures EUR10 million in growth funding investment from Next Wave Partners to support a substantial increase in customer demand for the company’s PetainerKeg – a plastic alternative to traditional steel beer kegs.
Commenting on the investment, Nigel Pritchard, Group Chief Executive of Petainer, says: “This funding comes at an exciting time in the development of our business and will support the continued growth of our specialist, sustainable and innovative packaging solutions for some of the world’s largest FMCG, brewery and wine brands to support their growth and Corporate Social Responsibility agendas. This growth investment will support both our customers’ and our own global ambitions by accelerating the roll out of our core PetainerKeg portfolio, the introduction of further PetainerKeg innovations, as well as supporting ongoing breakthrough innovation in water coolers, HDPe and PP container packaging.”
Jonathan Brod, Managing Partner of Next Wave Partners, says: “The business has continued to deliver strong earnings growth and is experiencing particularly rapid growth of its PET Keg product globally. We are delighted to have led this substantial investment, which comes in our eighth year as an investor in Petainer, to support the business through a major period of international expansion.”
