Ara Partners, a private equity firm, has purchased Genera Energy, a manufacturer of molded fiber products.
Ara has committed $200 million of capital to expand manufacturing facilities and fiber production.
“There is an urgent need for solutions to the mounting global single-use plastics pollution problem that is driving an insatiable demand for domestically sourced molded fiber products,” said Kelly Tiller, CEO of Genera. “We are proud to partner with Ara and appreciate their passionate support of our mission and their wealth of experience in scaling manufacturing operations and building sustainable businesses.”
Jefferies LLC acted as financial adviser, and Paul Hastings LLP served as counsel to Genera. England & Company LLC and FocalPoint Partners acted as financial advisers, and White & Case LLP served as counsel to Ara.