Duni Acquires Biopac U.K.

On Feb. 8 2018, Duni, Sweden, acquired 75% shares in Kindtoo Ltd., trading as Biopac U.K. Ltd., from entrepreneurs Mark Brigden and Eric Graham. Biopac is a supplier of sustainable disposable packaging for food and beverages in the U.K. The acquisition will be consolidated into 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 the U.K.

Biopac has an approximate annual turnover of SEK 55 million and an operating margin well in line with Duni’s Business Area Meal Service. The purchase of shares will affect Duni’s net debt with about SEK 22 million, which is covered within existing loan facilities.

"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. We look forward to working with the Biopac team," said Johan Sundelin, CEO Duni.

Mark Brigden stated that "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 throughout the U.K. The added resources available through this step with Duni will support us in continuing on our growth journey in coming years."

Duni is a supplier of table settings and take-aways. The Duni brand name is sold in more than 40 markets and enjoys a number one position in Central and Northern Europe. Duni has some 2,300 employees in 23 countries. Headquarter in Malmö, Sweden, it has production units in Sweden, Germany, Poland, Thailand, and New Zealand.