Aruwa Capital backs Polysmart Packaging's Nigerian PET recycling expansion

Lagos-based private equity firm Aruwa Capital Management invested in Nigerian plastic recycler Polysmart Packaging through its Aruwa Capital Fund II in December 2025. The capital supported the recent commissioning of Phase 1 of an expanded recycled-PET facility in Mowe, Ogun State, which produces food-grade rPET flakes and resin pellets for beverage and FMCG customers.

Why this mattersThe deal signals rising private-equity interest in African recycling infrastructure as regulation and brand-owner demand push manufacturers toward local recycled-content supply.

• Aruwa Capital Management invested in Polysmart Packaging in December 2025 via Aruwa Capital Fund II.
• Polysmart commissioned Phase 1 of an expanded recycling facility in Mowe, Ogun State.
• Polysmart produces food-grade recycled PET flakes and resin pellets for beverage and FMCG manufacturers.
• Polysmart was founded in 2013 as a flexible packaging manufacturer before diversifying into PET recycling.
• No deal value was disclosed.

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