Duni AB
(
Duni Group
), market leader in sustainable dining and food packaging solutions for the restaurant market, today announces
BioPak Group's
acquisition of the innovative coffee cup company Huskee Pty (Huskee). The purpose of the acquisition is to further strengthen
Duni Group's
food packaging business and to enable circular food & beverage habits for consumers and societies around the world.
The Australian-based company Huskee is specialized in innovative, and specialty designed coffee (or tea) cups in high-quality materials that utilize waste and recycled material to enable the transition into a waste-free world. Through a cup exchange program and end-of-life recycling program, Huskee ensures the delivery of the highest possible impact with the lowest possible footprint.
The acquisition follows upon
BioPak Group's
acquisition of
Decent Packaging
in January, as communicated in
Duni Group's
Year-end report.
Decent Packaging
is a
New Zealand
-based company focused on take-away packaging from plant-based materials. Everything that has been made can unmake through the company's compost collection services. Both companies thus have a clear sustainability profile and are B Corp Certified.
The purpose of these acquisitions is to further strengthen
Duni Group's
food packaging business and to accelerate growth in the
Asia-Pacific region
, which is the Group's focused growth region. The companies together have annual net sales of approximately
SEK 200
m, with profitability in line with
Duni Group
. Both companies are consolidated into
BioPak Group
, as part of
Duni Group's
Food Packaging Solutions business area.
Decent Packaging
from 1 February and Huskee from 1 April. Financing for both acquisitions take place within the existing
BioPak Group
loan facility and by
BioPak Pty Ltd
shares.
For more information, please contact:
Magnus Carlsson
, EVP Finance/CFO, +46 40-10 62 00, magnus.carlsson@duni.com
Katja Margell
,
IR and Communications
Director, +46 76-819 83 26, katja.margell@duni.com
Duni Group
is a market leader in sustainable dining and food packaging solutions for the restaurant market. The Group markets and sells its products under primarily the brands Duni,
BioPak
and Paper+Design, which are represented in more than 40 markets.
Duni Group
has around 2,300 employees in 22 countries, its headquarters in Malmö and production units in
Sweden
,
Germany
,
Poland
and
Thailand
.
Duni Group
is listed on NASDAQ Stockholm under the ticker "DUNI". Its ISIN code is SE0000616716. Dunigroup.com
https://news.cision.com/duni-group/r/duni-group-acquires-innovative-coffee-cup-company-huskee,c3957573
https://mb.cision.com/Main/295/3957573/2715029.pdf
