Ara Partners, a private equity firm, has acquired Petainer, a producer of beverage packaging services.

Petainer develops and manufactures polyethylene terephthalate packaging for the soft drinks and beer sectors.

Christopher Picotte, a partner at Ara, noted, “Petainer is a compelling addition to Ara’s portfolio of companies working to decarbonize the packaging industry through technical innovation and best practices. The company has consistently achieved success in decarbonizing both its products and its operations. We look forward to working with Hugh and his team and supporting Petainer’s future growth.”