Ara Partners (Ara), a private equity firm that specialises in industrial decarbonisation investments, has acquired Petainer Ltd (Petainer), 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.
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. 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.