BillerudKorsnäs invests in the area of cold chain packaging as it acquires a minority holding in the innovative company Vericool Inc., headquartered in California.
The company’s solutions enable sustainable and compostable packaging solutions for unbroken cold chains in the grocery and pharmaceutical market, intended as an alternative to non-sustainable packaging solutions, such as polystyrene (EPS).
The investment is being made by BillerudKorsnäs’ wholly owned subsidiary BillerudKorsnäs Venture AB, which develops new business for the Group by linking up with young and innovative companies in a relatively early phase. The objective being to gradually generate and develop new business. The aim is to work closely with companies and actively contribute to developing new solutions in the packaging value chain. This is a small investment for BillerudKorsnäs in financial terms.
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. Customers currently include a number of companies within the fast-growing “meal kit” market in the United States and leading pharmaceutical and biotech companies.