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.
Mr. Ross stated: "Ara's investment focus on industrial decarbonisation and its expertise and existing presence in the plastics recycling industry in Europe and the Americas make them a uniquely valuable partner for Petainer. Ara's ownership will significantly enhance Petainer's ability to invest in expansion alongside our multi-national customers as these customers implement their global sustainability and circularity strategies."
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.
