Scottish eco-packaging firm bought by US group

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Beauty Sirikarn
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Inscription : sam. 13 mars 2021, 06:39

Scottish eco-packaging firm bought by US group

Message par Beauty Sirikarn »

Scottish eco-packaging firm Vegware has been bought by a US corporation in what is understood to be a multi-million pound deal.

Edinburgh-based Vegware uses plant-based materials to manufacture cups, cutlery, tableware and takeout packaging which can be commercially composted with food waste.

It sells its products in more than 70 countries.

The value of the deal with packaging firm Novolex was not disclosed.

Vegware was founded in Edinburgh in 2006 by Joe Frankel, and operates bases in the UK, EU and US.

Mr Frankel said: "Joining Novolex, with its exceptional resources and large footprint, will allow Vegware to expand distribution of quality compostable products and waste management initiatives to our customers across the globe." ทดลองเล่นสล็อตทุกค่ายไม่ต้องสมัคร

Novolex said the Vegware brand would remain as part of its eco-products portfolio.

Over the year to 31 January 2021, Vegware reported turnover of £36.4m - down by 14% on the previous 12 months.

The company attributed the fall to the effects of the pandemic, which saw continued office closures across the UK.

It said sales returned to pre-pandemic levels after lockdown restrictions eased.