BillerudKorsnäs, Sweden, acquired a minority holding in Vericool Inc., Livermore, Calif.
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 transportation of biological medicines.
”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. 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,” says Anders Persson, BillerudKorsnäs Venture managing director
“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,” says Darrell Jobe, chief executive officer of Vericool Packaging.