r-pac International and Solegear Bioplastics complete agreement to accelerate production, sales and distribution of Solegear's Polysole and Traverse plant-based plastic packaging
VANCOUVER, British Columbia
May 28, 2014
– r-pac International Corp. and Solegear Bioplastics Inc. completed an agreement to accelerate the production, sales and distribution of Solegear's Polysole® and Traverse® plant-based plastic packaging.
Using its award-winning expertise in Green Chemistry, Solegear collaborated with leading Canadian research institutions, including the National Research Council of Canada, to develop novel bio-based and environmentally responsible bioplastics for rigid consumer product packaging. As part of this new agreement, r-pac and Solegear will work together on selling and marketing the bio-based packaging, having successfully completed materials evaluation and production testing. r-pac plans to begin offering the new products immediately.
"It has been a pleasure developing our relationship with r-pac. Their expertise in packaging design, production, sales and retail support is first-rate. This agreement sets the stage to further broaden Solegear's vision: providing a better performing and more sustainable alternative for rigid packaging solutions on a global basis," said Toby Reid, CEO of Solegear.
"When it comes to creating solutions for our customers, the stakes are always very high and the challenges are compelling, so we choose our partners very carefully," noted Michael Teitelbaum, CEO of r-pac. "Solegear's plant-based plastic packaging is a unique solution and executes seamlessly with r-pac's rigid plastic manufacturing capabilities. We are pleased to have collaborated with Solegear and to be on the forefront of sustainable innovation."
r-pac delivers an extensive portfolio of packaging and trims products across a wide range of categories, providing bottom-line results to many leading global brands, including Target, Walmart and more. r-pac operates sales and production facilities around the world with a commitment to sustainability that includes using bio-based materials in rigid packaging applications and beyond.
In keeping with both companies' policies, terms of the agreement were not disclosed.
About r-pac International Corp
Established in 1987, r-pac International Corporation is a leading global supplier of branded packaging and trims for retailers and designers. r-pac International is located in 24 countries and their production facilities are audited for social and ethical compliance. r-pac International's corporate headquarters is located in New York, and regional international headquarter offices in Hong Kong, Singapore and Luxembourg. The company's product line includes corrugated boxes, jewelry boxes, POP displays, shopping bags, polybags, blister/clamshell packaging, woven & printed labels, heat transfers, tapes, hangtags, backer cards, patches and stickers.
About Solegear Bioplastics Inc.
Solegear, based in Vancouver, BC, engineers, produces and distributes high-performance bioplastics made from rapidly renewable bio-based sources. Founded in 2006, Solegear has developed proprietary bioplastic formulations under the brand names of Polysole®-a non-toxic, bio-based and compostable bioplastic and Traverse®-a composite bioplastic using the maximum possible bio-based content and non-toxic additives. In March of 2014, Solegear won the Best Emerging Technology Award from the Globe Foundation, adding to recognition in 2013 of being named to both the Rocket Builders' Cleantech Ready to Rocket list and BCBusiness' Innovator of the Year Top 10 list of companies best positioned for growth, while capturing the Later Stage Award from the Global Cleantech Cluster Association.