Duni Acquires Stake in Biopac UK Ltd
Established in 2002, Biopac specializes in food packaging and service products created with sustainable materials with some 12 employees.
Feb. 14, 2018 - Duni on Feb. 8 acquired 75% shares in Kindtoo Ltd., trading as Biopac UK Ltd., from entrepreneurs Mark Brigden and Eric Graham. Biopac is a leading supplier of sustainable disposable packaging for food and beverages in the UK.
Financial terms of the deal were not disclosed.
The acquisition will be consolidated into Duni's Business Area Meal Service.
Established in 2002, Biopac specializes in food packaging and service products created with sustainable materials with some 12 employees. “The capacity to customize food and drink packaging to suit customer brands and a clear focus on sustainable products, has resulted in Biopac gaining significant market share in UK,” Duni said in a press release.
Johan Sundelin, CEO of Duni, commented, “We welcome Biopac into the Duni family. The clear shift in demand towards sustainable products in the restaurant and takeaway segments is a leading factor in this acquisition.”
Biopac (www.biopac.co.uk) has an approximate annual turnover of SEK 55 million and operating margin well in line with Duni's Business Area Meal Service.
Duni is a leading supplier of attractive and convenient products for table setting and take-away. To learn more, please visit: www.duni.com.