Petainer is a market leading designer and manufacturer of sustainable, high performance packaging.
Petainer is a leading packaging technology company with proprietary expertise in high stretch polymer engineering. Leveraging this expertise, Petainer has developed a number of unique and highly differentiated products, growing rapidly by entering and taking positions in a range of robust and growing global markets. With its more established products, Petainer has leadership positions in the German refillable PET bottle market, single use PET containers in Scandinavia and single use PET kegs globally with the petainerKeg™.
More recently, Petainer has launched the petainerCooler™, which is a refillable PET water cooler with considerable durability and economic benefits, versus all other water cooler product types on the market. The petainerKeg™ and petainerCooler™ are just two examples of a robust portfolio of highly differentiated products, which include several new disruptive product and material technologies. Petainer has production facilities in Sweden, the Czech Republic, Russia, the USA and India, with its head office in London, UK.
Next Wave acquired Petainer in 2009 as a carve out from Rexam plc, recruiting a management team and Chairman and implementing new systems as part of the transition process, as well as sourcing and leading the acquisition and integration of Petainer’s main competitor in Scandinavia and Germany. Under Next Wave’s ownership, revenue grew from €64m to over €100m and EBITDA from €6.4m to €16.2m. Next Wave’s exit to KKR in April 2016 achieved a 2.2x return for our Fund.www.petainer.com