Plastic recycler Regain Polymers (Castleford / UK; www.regainpolymers.com) is to expand capacity and enhance reliability following the securing of GBP 2.5m (about EUR 3.3m) of equity finance from its owner, Chamonix Private Equity (London / UK; www.chamonixpe.com). In addition to the funds from its owner, the company has been awarded GBP 10m of new debt finance facilities with Leumi ABL, the specialist asset-based lending subsidiary of Bank Leumi (UK) (London; www.bankleumi.co.uk).

Formerly Linpac Recycling, Regain was acquired by Chamonix in 2011 – see Plasteurope.com of 14.02.2012 – triggering a programme of sustained investment in equipment. The company currently operates a 50,000 t/y site and launched a product development laboratory in early 2014, allowing it to offer bespoke product development services to its clients. Based in Allerton Bywater, West Yorkshire / UK, the company has 120 employees and recorded a turnover of around GBP 30m (about EUR 39m) in 2014.

Regain CEO, Martin Marron, said that, through the additional investment, “We aim to grow and accelerate our ambitious new product development programme to remain a leader in our sector. The new [laboratory] facility will enable us to provide additional research staff and specialist laboratory equipment, allowing us to continue to innovate at a pace in the development of high specification compounds, for a wide range of applications from available recycled materials.”