The Petainer Group is investing €10m in expanding its PetainerKeg products – a plastic alternative to traditional steel beer kegs.
The Czech group announced 13 July that it had secured the growth funding investment from its shareholder New Wave Partners to support “a substantial increase” in customer demand for the product.
The growth, according to the group CEO of the engineered packaging company Nigel Pritchard, will support the roll-out of the core PetainerKeg portfolio, the introduction of further PetainerKeg innovations, as well as ongoing R&D in water coolers, HDPe and PP container packaging.
“The business has continued to deliver strong earnings growth and is experiencing particularly rapid growth of its PET Keg product globally,” explained Jonathan Brod, managing partner of Next Wave Partners.
Petainer is a packaging technology company with proprietary expertise in high stretch polymer engineering.