Unisource Worldwide Completes Acquisition of Pakit
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Unisource Worldwide Inc., Norcross, Ga., USA, reports that its Unisource Global Solutions (UGS) division has completed the asset acquisition of Pakit Sweden AB, an international producer of molded fiber packaging. The acquisition includes the purchase of equipment that uses cellulose fibers to produce molded fiber packaging, replacing the use of plastic trays, bottles, containers, carriers, and other conventional petroleum-based packaging. The equipment also uses considerably less energy than current packaging processes and reduces the use of water and emissions, Unisource notes.
"This acquisition builds upon our commitment to be a world leader in providing cutting-edge design, technology, research, manufacturing, and ongoing innovation to the packaging industry," said Al Dragone, CEO of Unisource Worldwide. "It also improves Unisource's capability to be more responsive to our customer needs in the sustainable packaging area."
Gary Miller, president of UGS, noted that "the molded fiber manufacturing equipment we have acquired will expand UGS' production resources to drive the next generation of packaging solutions to meet the industry's growing interest in sustainable packaging on a global basis."
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