BillerudKorsnäs invests in cold chain packaging company Vericool
The investment is being made by BillerudKorsnäs’ wholly owned subsidiary BillerudKorsnäs Venture AB, which develops new business for the Group by linking up with young and innovative companies in a relatively early phase. The objective being to gradually generate and develop new business. The aim is to work closely with companies and actively contribute to developing new solutions in the packaging value chain. This is a small investment for BillerudKorsnäs in financial terms.
Vericool’s solutions enable high-quality, sustainable and compostable packaging for unbroken cold chains in the grocery and pharmaceutical markets, such as for home delivery of food and the transportation of biological medicines. Customers currently include a number of companies within the fast-growing “meal kit” market in the United States and leading pharmaceutical and biotech companies.
”Within the cold chain segment, for decades, there has been a need to find products that can replace fossil based packaging solutions. Vericool's market disruptive products are examples of such ones, which is completely in line with what we work for within BillerudKorsnäs. Together we intend to build tomorrow's sustainable packaging solutions and through an expanded offer with alternatives to polystyrene. We will continue to challenge conventional packaging for a sustainable future,” said BillerudKorsnäs Venture Managing Director Anders Persson.
“With its strong focus on sustainability and innovation, BillerudKorsnäs is an excellent partner and investor for Vericool. They have experience of and insight into the importance of truly sustainable packaging for businesses, people and the planet,” said Darrell Jobe, CEO of Vericool Packaging.
For more infomration:
Anders Persson
BillerudKorsnäs Venture
Tel: +46 (0)76 776 13 88
anders.persson@billerudkorsnas.com