BillerudKorsnäs invests in cold chain packaging company Vericool
Swedish packaging company BillerudKorsnäs’ has invested in the California-based cold chain specialist Vericool. Vericool offers sustainable and compostable packaging solutions for the grocery and pharmaceutical markets. Applications for the Vericool solutions include the home delivery of food and groceries, and the transportation of biological medicines. Customers currently include a number of companies in the US “meal kit” delivery sector, as well as pharmaceutical and biotech companies.
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”.
BillerudKorsnäs Venture Managing Director Anders Persson commented: “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.”
Vericool is the fourth investment made by BillerudKorsnäs Venture. The previous three are: Denmark-based EcoXpac, which together with BillerudKorsnäs is developing a paper-based bottle with the long term aim to contain the pressure of carbonated drinks; UK-based Hanhaa, whose “ParceLive” solution enables the condition and position of parcels to be determined in real time during the delivery process; and Norway-based Kezzler, which works with technology for assigning unique digital identities for individual packaging.
