Next Wave Partners LLP and the Petainer Group of companies are pleased to announce the next phase of global development for the business with the conclusion of a €10 million growth funding investment to support a substantial increase in customer demand for its ground-breaking PetainerKeg™.
Commenting on the investment, Nigel Pritchard, Group Chief Executive of Petainer, said: “This funding comes at an exciting time in the development of our business and will support the continued growth of our specialist, sustainable and innovative packaging solutions for some of the world’s largest FMCG, brewery and wine brands to support their growth and Corporate Social Responsibility agendas. This growth investment will support both our customers’ and our own global ambitions by accelerating the roll out of our core PetainerKeg portfolio, the introduction of further PetainerKeg innovations, as well as supporting ongoing breakthrough innovation in water coolers, HDPe and PP container packaging.”
Jonathan Brod, Managing Partner of Next Wave Partners, said: “The business has continued to deliver strong earnings growth and is experiencing particularly rapid growth of its PET Keg product globally. We are delighted to have led this substantial investment, which comes in our eighth year as an investor in Petainer, to support the business through a major period of international expansion.”
Petainer is a global leader in high performance and sustainable packaging. It is a specialist engineering and disruptive technology business, an industry-leader in the innovation, development, design and manufacture of PET (PolyEthylene Terephthalate) and other plastics packaging container products.
Petainer creates plastic packaging, often using highly engineered plastics. Offering global brands advantages in terms of new market opportunities, supply chain improvements as well as reductions in total costs and improvements in sustainability. See www.petainer.com.
Petainer is a UK-based company which has production plants in Sweden, the Czech Republic and Russia with blowing facilities in North America and a joint venture in India, as well as sales offices in Sweden, the Czech Republic, Germany, the USA and UK complemented by a network of global distributors.