Duni acquired 75% shares in Kindtoo Ltd., trading as Biopac UK Ltd., from entrepreneurs Mark Brigden and Eric Graham. The acquisition will be consolidated into Business Area Meal Service, as the company says in the press release received by Lesprom Network.
Biopac has an approximate annual turnover of SEK 55 million ($6.9 million) and operating margin well in line with Duni’s Business Area Meal Service. The purchase of shares will affect Duni’s net debt with about SEK 22 million ($2.7 million), which is covered within existing loan facilities.
Biopac is a leading supplier of sustainable disposable packaging for food and beverages in the UK.
Duni is a leading supplier of attractive and convenient products for table setting and take-away.
