NEXT WAVE VENTURES ACQUIRES ENVIRONMENTALLY FRIENDLY PACKAGING COMPANY
Next Wave Ventures is delighted to announce the acquisition of Petainer, the market leader in Germany for reusable PET bottles and in the Nordic region for PET beverage containers, from Rexam Plc for a consideration of £16 million. This acquisition will allow Petainer to expand into other growth markets, including other beverage sectors that are beginning to replace their current packaging with PET and geographically into Central and Eastern Europe.