Repeats Group B.V., a pan-European plastics recycling platform focused on producing high-quality recycled low-density polyethylene (“LDPE”), announced that it has made an investment in Anviplas S.L., a producer of recycled LDPE located in the Catalunya region of Spain. Terms of the transaction were not disclosed. Repeats is a portfolio company of Ara Partners, a global private equity firm focused on industrial decarbonization.
Repeats’ investment in Anviplas represents an important step in building a pan-European plastics recycling platform. Under Repeats leadership, the Anviplas plans to nearly double its production capacity to meet the growing demand for recycled LDPE in Europe.
Anviplas utilizes a mechanical process to transform plastic waste into high-quality resin suitable for commercial and industrial applications.
“Anviplas has an outstanding reputation in the industry as a leading LDPE recycler in Spain,” said Greg Rung, Repeats’ CEO. “We are thrilled to have Aleix Vintró and the Anviplas team as part of the Repeats platform and look forward to building upon their success to date. We see significant opportunity for Anviplas to continue to penetrate the Spanish recycled LDPE market while expanding their footprint to service feedstock supplies from Southern France.”
“We are excited to partner with Repeats and Ara to further expand our operations and geographic reach,” said Aleix Vintró of Anviplas. “We share Repeats’ ambition to become the largest independent LDPE recycler in Europe and view our efforts as mission-critical to establish a circular solution for the growing plastic waste problem in Europe.”