Ara Partners (Ara), a private equity firm that specialises in industrial decarbonisation investments, has acquired Genera Energy Inc (Genera), a manufacturer of non-wood agricultural pulp and moulded fibre products.
Ara has also committed up to an additional $200 million of capital to support significant expansion of the company’s sustainable pulp and packaging business.
Proceeds from Ara’s investment will be used to develop additional integrated manufacturing facilities and expand moulded fibre production capacity, enabling production of more than 5,000,000 take out containers, plates, bowls, and other food and consumer packaging products every day, all made entirely from fibre crops and agricultural residues.
Together, Ara and the Genera management team will expand the company’s production footprint across the US to address the growing demand for domestically sourced sustainable packaging.
Genera’s previous owners – WindSail Capital Group, Coppermine Capital and Stairway Capital – will retain a minority interest in the company.
