Rottneros said that it is now investing in Blue Ocean Closures and becomes a co-owner of the Swedish start-up, developing proprietary fiber-based packaging materials.
Over the past two years, Blue Ocean Closures has developed technology to produce fiber-based closures for consumer packaging at large scale, aiming to replace current plastic solutions on a global market. The innovative technology and material have potential for a wide range of high-volume use.
"Blue Ocean Closures is leading the way in a very exciting new field with their vacuum press forming technology," said Lennart Eberleh, CEO, Rottneros. "At Rottneros, we see this field as complementary to our work in wet moulding and exploring the opportunities within dry processes fits very well with our market strategy."
Blue Ocean Closures is working in partnership with industrial leaders and brand owners, who are committed to the development of more environmentally friendly solutions.
"With Rottneros deep knowledge in pulp and packaging, we further strengthen our position and ability to reach market," said Lars Sandberg, founder and CEO at Blue Ocean Closures. "The company has during its two years of operation been focused on developing high quality, biobased and recyclable as paper screw caps. This investment and the partnership will expand the important development in more market segments."
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