Vegware uses renewable and plant-based materials to produce cups, cutlery, tableware and takeout packaging
Vegware has operations in the UK, EU and the US. (Credit: Novolex)
Packaging products provider Novolex has acquired UK-based compostable foodservice packaging provider Vegware for an undisclosed sum.
Using renewable and plant-based materials, Vegware manufactures cups, cutlery, tableware and takeout packaging, which can be commercially composted with food waste.
Vegware, which was established in Edinburgh in 2006, conducts operations in the UK, EU and the US. The company markets its products in more than 70 countries across the globe.
Novolex stated that the teams of Vegware in both the UK and US are expected to join its family.
Vegware managing director Joe Frankel said: “Joining Novolex, with its exceptional resources and large footprint, will allow Vegware to expand distribution of quality compostable products and waste management initiatives to our customers across the globe.”
The Vegware brand will become part of Novolex’s Eco-Products portfolio of brands and will continue to market its products under the Vegware label.
The partnership is believed to expand Eco-Products’ presence in Europe and provide Vegware additional access to the North American market.
Novolex chairman and CEO Stan Bikulege said: “Vegware is an excellent company and its addition to Novolex is an exciting step to growing our global compostable products footprint.
“We are pleased to welcome the Vegware team to the Novolex family and maintain our momentum of supporting brands that meet society’s expectations for sustainable products.”
In December last year, Novolex acquired US-based B&H Bag, which manufactures paper bags and other products for its customers.
Novolex, a portfolio company of The Carlyle Group, provides various packaging products for the food packaging, delivery and carryout, food processor and industrial markets.