The new round, led by Impact Partners and in which the company’s current partner, Easo Ventures, also participates, will allow the Navarre firm, dedicated to promoting the circular economy of plastics, “to strengthen the team and open operations in other countries to continue helping companies to be more sustainable. Currently, the company located in Tajonar, south of Pamplona, has four repair plants (three in Spain and one in Mexico) and employs more than 65 people.
Plastic Repair System (PRS), a company specialized in repair, maintenance and adaptation of returnable transport containers (RPCs) with headquarters in Tajonar, south of Pamplona, has closed a €4 million round. The round was led by Impact Partners and included the participation of the company’s current partner, Easo Ventures. This new boost, the three parties said in a statement, “will allow PRS to strengthen the team and open operations in other countries to continue helping companies become more sustainable.”
The company’s facilities currently cover more than 6,500 square meters in four repair plants -three in Spain and one in Mexico-, which in turn employ more than 65 people. The company supplies multinationals in sectors such as the automotive, pooling, food and beverage industries and “is determined to continue expanding internationally, to increase the efficiency of its processes thanks to technology and, above all, to continue strengthening its environmental and social vocation”.
“The companies with circular economy models that are emerging in the market will be one of the sources of stable employment generation in the coming years,” said Elena Rico, managing partner at Impact Partners Iberica. Miguel Díaz, founder of PRS, said that this round of investment “will allow us to continue our international expansion and accompany our clients in their transformation”.
PRS had previously obtained the support of private investors such as Easo Ventures, as well as several business angels and public institutions such as Enisa and the European Commission. With this transaction, Impact Partners continues its investment activity at the European level through its fourth growth fund, which already has fourteen investments. With offices in Paris, Frankfurt and Copenhagen, more than 350 million euros under management and a team of more than 40 people, Impact Partners aims to position itself as “the first pan-European impact investment platform”.