The deal positions Petainer to become a global leader in highly engineered packaging solutions for small and large containers.
Nigel Pritchard, Petainer Group CEO, said: “The refinancing of the business with QInvest and ?eská Spo?itelna provides an excellent springboard to drive our strategic growth aspirations over the coming years. This development, and continued support from shareholder Next Wave Partners, provides us with the stability and financial strength to support our customers both locally and globally, as we press forward with our expansion plans. Additionally, it provides a solid platform for the launch of new product segments focused on sustainable development.”
Stephen Walls, partner at Next Wave Partners and chairman of Petainer, said: “The new facilities for Petainer create a strong platform to capitalise on global opportunities in the PET large container market and will also accelerate Petainer’s already strong growth in small containers in Western Europe.”
Petainer is a PET innovator and market leader in the manufacture of large container and refillable PET packaging as well as a leading protagonist in the Scandinavian PET packaging market. The company has a strong heritage in sustainable innovations of highly engineered PET packaging products including; increased shelf life through ‘built-in’ barrier technology, extensive light-weighting driving value enhancement, improved packaging designs and extensive use of PCR and biomaterials allowing for long term environmental credibility in the sector.
© FoodBev Media Ltd 2020