Aurelius sells Regain Polymers to Imerys

The development comes just two years after Aurelius acquired the company from Chamonix Private Equity. Under the vendor's tenure, Regain Polymers secured a partnership with Sicut Enterprises for the European manufacturing of its structural recycled plastic composites, including railway sleepers.

The deal will enable the trade buyer to expand its performance additives division and comes a month after it acquired calcium aluminate binders manufacturer Kerneos for €880m.

Financial details of the Regain Polymers deal remain undisclosed.

Previous funding
Regain Polymers first received private equity backing in 2010 when Chamonix wholly acquired the company from Linpac Group. Aurelius then acquired the business in a turnaround deal from Chamonix in July 2015.

Company
Founded in 1991 and headquartered in Allerton Bywater, West Yorkshire, Regain Polymers is a hard plastics recycling and reprocessing business. It produces polymers including high-density polyethylene, polypropylene, talc-filled polypropylene and polystyrene for clients in the automotive, environmental, garden products, packaging and construction sectors.

According to publicly available documents, Regain Polymers generated a turnover of £27m in 2015 – the year in which Aurelius first invested – with an operating loss of £1.4m.

People
Aurelius Equity Opportunities – Dirk Markus (CEO).

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