US private equity company Arsenal Capital Partners (New York, New York; www.arsenalcapital.com) has agreed to take a controlling interest in Revolution (Little Rock, Arkansas / USA; www.revolutionplastics.com), a provider of closed-loop plastics for the agricultural, consumer and industrial markets. Arsenal did not disclose the size of the stake or financial details of the transaction, which it expects to complete before the end of July 2019.

Revolution recovers, cleans and processes a variety of plastic products into a post-consumer resin (PCR), which it uses to make the same items along with others such as waste bin liners, carryout bags and construction films. The company says it processes more than 68,000 t of material each year and has diverted 750,000 t of waste from landfills.

Revolution’s CEO Sean Whiteley said, “The dramatic growth in demand and expectations by businesses and consumers for sustainable plastic solutions provide us with significant white space and opportunity.” Former majority owner and chairman of Revolution Dhu Thompson will continue as a board member and retain a “meaningful” investment in the company.

July 2019 has also seen an affiliate of Arsenal pay EUR 280m for Clariant’s (Muttenz / Switzerland; www.clariant.com) Healthcare Packaging business. The transaction is due to be completed in the fourth quarter of 2019 – see Plasteurope.com of 23.07.2019.