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BillerudKorsnäs invests in cold chain specialist Vericool

PKBR Staff Writer Published 05 September 2017

Packaging firm BillerudKorsnäs, through its wholly owned subsidiary BillerudKorsnäs Venture, has acquired a minority stake in California-based cold chain packaging specialist Vericool.

Vericool provides packaging solutions for unbroken cold chains as an alternative to non-sustainable packaging solutions like polystyrene (EPS) for grocery and pharmaceutical sectors.

With this investment BillerudKorsnäs aims to work closely with companies and actively contribute to developing new solutions in the packaging value chain. 

Vericool Packaging CEO Darrell Jobe said: “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,”

BillerudKorsnäs venture managing director Anders Persson said: “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 goes completely in line with what we work for within BillerudKorsnäs.”

Vericool is the fourth investment made by BillerudKorsnäs Venture. The other three include EcoXpac, UK-based Hanhaa and Norway-based Kezzler.

Denmark-based EcoXpac and BillerudKorsnäs are developing a paper-based bottle with the long term aim to contain the pressure of carbonated drinks.