Repeats Group has received €100 million (£83 million) equity investment from Ara Partners to expand its LDPE recycling platform across Europe.
The Dutch firm uses mechanical processes to transform post-commercial plastic waste into high-quality resin suitable for commercial and industrial applications.
As well as in The Netherlands, it has operations in UK, France, Spain, Switzerland and Italy.
This investment will help it scale its LDPE recycling capacity throughout Europe.
In a statement, Repeats Group said that operations will be focused on core European markets that are characterised by dense populations and underserved LDPE recycling capacity.
Its investment will be in a combination of greenfield development, acquisitions and strategic partnerships.
Repeats Group chief executive Greg Rung said: “The need for an effective, circular solution to the growing plastic waste problem is tremendous, and European businesses, consumers and governments are aligned in working towards higher utilisation of recycled plastic.
“We seek to partner with leading CPG (consumer packaged goods), petrochemical and plastic packaging manufacturing companies to create a high-quality supply source that is widely available throughout Europe. We are proud to partner with Ara, which shares this ambition and has expertise and resources to help achieve our objectives.”
Ara Partners is a private equity firm specialising in industrial decarbonisation investments and is based in Boston, Houston and Texas in USA and Dublin in Ireland.