Ara Partners-backed Repeats Group B.V., a European plastics recycling platform focused on high-quality recycled low-density polyethylene, has made an investment in Anviplas S.L., a producer of recycled LDPE based out of Catalunya, Spain.
Anviplas uses a mechanical process to transform plastic waste into resin usable for commercial and industrial applications. The firm has supplied recycled LDPE resin to customers for over 30 years. The investment will help Repeats build a European plastics recycling platform and intend to double the firm’s production capacity.
“We are excited to partner with Repeats and Ara to further expand our operations and geographic reach,” stated 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.”
“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.”