The Stratus Group has invested in Unnafibras, a Brazillian producer of polyester fibers made from recycle PET. The Stratus Group targets Brazilian mid-sized companies.
São Paulo and Santo André – June 23, 2010 – Stratus Group announces an investment in Unnafibras, the leading producer of polyester fibers made from recycled PET in Brazil. The investment is part of the company’s ambitious US$ 60 million investment plan.
Unnafibras, the largest domestic producer of recycled polyester through its ecofibra® brand, expects revenues of US$ 67 million in 2010. The Company recycles 1 billion PET bottles per year into raw materials used by the textile, automotive parts, and furniture industries. Brazilian football team 2010 World Cup jerseys are made from recycled PET bottles.
Founded in 1996, Unnafibras employs 400 people in three sites – Santo André (SP), Mauá (SP) and Alhandra (PB). “Our commitment to innovation and product development transformed Unnafibras into one of the leading companies in the polyester market. We are confident that the partnership with Stratus Group will accelerate our growth and pave the road to the capital markets” says José Trevisan Júnior, Unnafibras’ CEO.
The investment comes at a time when new uses for recycled polyester are being employed by various industries, one of the factors expected to leverage the company’s new growth phase. The company will invest US$ 60 million to increase production capacity and expand its product portfolio through organic growth and acquisitions.
“We are extremely confident in Unnafibras’ management team, which drove the company to its current market leadership position. The unique combination of market growth potential and company positioning makes Unnafibras an outstanding company and a great investment opportunity”, says Eduardo Goes, Partner at Stratus Group.
According to ABIPET (PET Industry Brazilian Association), PET recycling grew twentyfold in the last 15 years. 55% of all used PET bottles are recycled, which on a global basis makes Brazil second only to Japan.
“In our view, the growth of the Brazilian economy will be supported by mid-sized companies with great growth potential such as Unnafibras”, says Alberto Camões, Managing Partner of Stratus Group. Alberto points out that the Brazilian economy is comprised of over 14,000 mid-sized companies with annual revenues between US$ 30 and US$ 200 million, that could benefit from private equity’s capital and support to implement better corporate governance practices.