Regain Polymers, a plastics recycler based in Castleford, West Yorkshire, has announced growth plans backed by a £1m-plus investment in additional capacity and the acquisition of a competitor.
The additional capacity involves the purchase of a state-of-the-art twin screw extruder, to be installed at the Castleford plant in March 2012. The line will increase extrusion capacity by 40% to over 45,000 tonnes per annum.
To further support its growth and future plans, the business has also acquired Express Recycling & Plastics of Rainham, Essex, a recycler specialising in the separation and reprocessing of rigid end of life plastics.
The increased geographic market spread this acquisition brings to Regain will greatly improve its ability to attract raw materials for both recycling plants. Express Recycling & Plastics has been renamed Regain Recycling & Plastics.
Ian Porter, managing director of Regain Polymers, said: “We are actively seeking opportunities to expand our business and this new venture will increase both our capabilities and capacity to supply the market.”