Plastics recycling firm Regain Polymers sold

Regain Polymers, which operates from a single site at Allerton Bywater, near Castleford, has been bought by Aurelius Group from Chamonix Private Equity.

Founded in 1991, Regain is a bespoke compounder and recycler of post-use, rigid plastics. The firm reported turnover of £31m in 2014 and employs over 100 people.

Dirk Markus, chief executive of Aurelius Group, said: “We are very pleased to be announcing this deal which adds a further plastics recycling business to our portfolio.

“This positive partnership between Aurelius and Regain will create a strong commercial platform to support the company’s current operations and longer-term strategic development. Aurelius has a strong track record in supporting growth and value creation in its investee companies.

“This, combined with our focus on operational improvement and experience in the plastics space, positions the Aurelius team very well to support the organic growth of Regain going forward.”

Regain has a strong track record in the extrusion of recycled rigid plastics tailored to the exact specification of its customers, which include operators in the automotive, environmental, horticultural, packaging and construction markets.