The acquisition of Biopac UK is motivated by the growing demand for sustainable packaging products in the restaurant and take-away segments.
Sweden's airlaid, tissue, disposable tableware and take-away packaging manufacturer Duni AB has acquired a 75% stake in Kindtoo Ltd, trading as Biopac UK. According to Duni, Biopac is a supplier of disposable packaging for food and beverages with a significant market share in the UK. Biopac will be consolidated into Duni's Business Area Meal Services.
"The clear shift in demand towards sustainable products in the restaurant and takeaway segments is a leading factor in this acquistion," said Duni's CEO Johan Sundelin.
The purchase of the 75% shareholding in Biopac UK will reportedly affect Duni's net debt with approximately SEK22m.