"We are very pleased to have concluded the agreement we made with Deltapaper last June to acquire all rights to sell PaperNuts in the U.S. and Canada, and permanent use and ownership of the PaperNuts name, web domains, trademark, and patents," said Tyler Pearson, PaperNuts CEO. "With unified control and ownership of the latest PaperNuts intellectual property and trademarks, our organization can now accelerate the development of a dynamic national PaperNuts sales network and build the PaperNuts brand to its full potential."

Jeff Bregman, president of Deltapaper, added that "the completion of the sale of our rights to PaperNuts will allow Deltapaper to focus on other strategic initiatives and opportunities that are currently under development. We are confident that the PaperNuts Corp. and Axiom team will continue the growth and development of the PaperNuts product line and establish PaperNuts as a leading brand name for environmentally friendly alternatives within the global void fill and protective packaging marketplace."

Pearson noted that "PaperNuts and Deltapaper have enjoyed a long and mutually beneficial relationship, and while this transaction is strategically important for both organizations, we see this as a new chapter in our partnership that will provide significant opportunities to both companies as we move forward."

Axiom Corp., operating through its majority owned subsidiary (95.6%), PaperNuts Corp., is a global focused developer and marketer of innovative and environmentally friendly packaging solutions. PaperNuts Corp. owns proprietary technology and intellectual property originally developed in Finland that provides an environmentally friendly alternative to traditional protective packaging options that are often harmful to the environment. PaperNuts delivers a loose-fill packaging solution that competes directly with polystyrene foam plastic "peanut" fillers, bubble wrap, air pillows, crumpled paper, foam-in-place, and corn starch peanut products.

 

According to Axiom, PaperNuts are a cost-effective, green alternative to competitive fillers, made from 100% recycled paper that was destined for landfill, and are both biodegradable and fully recyclable after use.