Repeats Group expands into Italy through investment in Polimero 


The pan-European plastics recycling platform Repeats Group B.V. is further widening its scope. The platform, which focuses on the production of high-quality recycled low-density polyethylene from post-industrial and commercial films, announced today that it has acquired a stake in Polimero Srl, a producer of recycled LDPE located in northern Italy, close to Venice. The financial terms of the transaction were not disclosed.
Repeats is a portfolio company of Ara Partners, a global private equity firm focused on industrial decarbonisation. Its support of Repeats reflects its core aim of creating companies with significant decarbonisation impact.
The investment in the mechanical recycler Polimero marks the next step in building a pan-European plastics recycling platform, and Repeats’ first foray into Italy. It follows the recent two investments in Spain and the Netherlands, with expansion into other European countries planned for later this year. 
As part of Repeats, Polimero plans to continue expanding its production to meet the growing demand for recycled LDPE in Europe. Simonetta Tiberto, who has been with Polimero since 2010, will continue to lead the Italian operations. 
“We share Repeats' and Ara's ambition to build one of the largest LDPE recyclers in Europe," she said. “We are excited to have Repeats' support as we continue to expand our business and geographic reach.” The company currently produces recycled materials based on both post-commercial and post-industrial plastic waste, which can be used in packaging applications.
Greg Rung, CEO of Repeats said that Polimero had built a reputation as an important player in the LDPE recycling environment in northern Italy. Repeats’ investment in the company will allow Polimero to further penetrate the Italian market by providing its clients with higher quality recycled resin