Repeats Group, a European plastics recycling company backed by Ara Partners, has made an investment in Polimero Srl, an Italy-based producer of recycled low density polyethylene (LDPE).
Polimero uses a mechanical process to convert plastic waste into resin suitable for commercial and industrial use. As part of Repeats, Polimero aims to expand its production to meet the rising demand for recycled LDPE in Europe. For Repeats, the investment marks the company’s first expansion into Italy. Polimero will continue to be led by Simonetta Tiberto.
“Polimero has a great reputation in the industry as an important player in the LDPE recycling environment in northern Italy,” says Greg Rung, CEO of Repeats. “We see significant opportunity for Polimero to further penetrate the Italian market by providing its clients with higher quality recycled resin. We are delighted that Simonetta and her team are joining Repeats and look forward to building on their success to date.”