With the acquisition of Bio4Pack, the Israeli firm will now be able to offer its customers three new products in the form of paper packaging produced from agricultural waste, nets, and trays
TIPA Compostable Packaging has acquired Bio4Pack, a Germany-based compostable packaging solutions provider, for an undisclosed price.
According to the Israel-based packaging company, the addition of Bio4Pack enables it to create a complete compostable packaging portfolio to cope with the ever-increasing interest in circular packaging solutions.
Bio4Pack is expected to complement the offering of TIPA Compostable Packaging for the compostable sector as its end-applications solution provider in Europe.
Since 2009, the German firm is said to have been developing and producing packaging that addresses the objectives of consumers and producers to bring down harmful plastic packaging waste. This has led to the company developing a range of compostable packaging to meet a spectrum of stringent standards.
TIPA Compostable Packaging CEO and co-founder Daphna Nissenbaum said: “There is a great value and strength in cooperating with other players in the sustainable packaging solutions industry. The acquisition of Bio4Pack enables us to expand our existing expertise and portfolio and continue to grow TIPA’s custom packaging solutions.”
With the acquisition of Bio4Pack, the Israeli firm will now be able to offer its customers three new products in the form of paper packaging produced from agricultural waste, nets, and trays.
The acquisition will also result in additional sales representatives in Germany and the Netherlands alongside local warehousing facilities, said TIPA Compostable Packaging.
TIPA Compostable Packaging said that the deal is in line with its strategy of partnering with industry majors to grow geographically as well as in product portfolio and promoting sustainable solutions for fighting the global plastic crisis.
Bio4Pack CEO Patrick Gerritsen said: “It is an honour to be acquired by TIPA, as this company is well-known throughout Europe – and around the world – for their innovative packaging. With both’ companies extensive experience in this field, I am confident we will be able to significantly reduce plastic pollution on Earth.”