ELOPAK
Investment in fibre-based lids producer Blue Ocean Closures
— By Plasteurope.com correspondent —
 Elopak CEO Thomas Körmendi (l.) and Blue Ocean Closures CEO Lars Sandberg (Photo: Blue Ocean Closures) |
Norwegian composite cartons manufacturer Elopak (Oslo; www.elopak.com) has made an unspecified investment in Swedish sustainability start-up Blue Ocean Closures (BOC, Karlstad, www.blueoceanclosures.com), believing the latter’s cellulose fibre-based gable top products offers it a more sustainable alternative to plastic closures.
As part of the investment deal, Elopak has secured the exclusive global rights to market, sell, and distribute BOC’s fibre-based caps for gable top cartons, including Elopak’s Pure-Pak and D-PAK products.
Thomas Körmendi, Elopak’s chief executive, said “BOC’s fibre-based closures are a promising solution that can support Elopak’s vision for a more renewable, low-carbon, and low-plastic dependent packaging sector.”
Related: Elopak opens first US cardboard composite plant in Arkansas, USA
Elopak is the second company to invest in BOC this year. In January, medical technologies group Nissha (Kyoto, Japan; www.nissha.com) also took an unspecified stake in the Swedish firm. Like the Elopak deal, financial details of that arrangement were not disclosed.
Founded in 2021 and currently employing around 20 workers, BOC designs and manufactures a range of cellulose fibre-based closures for markets including bottles for the supplements and nutritional foods sectors, and drinks industries.
The firm has developed a proprietary vacuum press forming technology and says its fibre-based closures are as recyclable as paper.
As part of the investment deal, Elopak has secured the exclusive global rights to market, sell, and distribute BOC’s fibre-based caps for gable top cartons, including Elopak’s Pure-Pak and D-PAK products.
Thomas Körmendi, Elopak’s chief executive, said “BOC’s fibre-based closures are a promising solution that can support Elopak’s vision for a more renewable, low-carbon, and low-plastic dependent packaging sector.”
Related: Elopak opens first US cardboard composite plant in Arkansas, USA
Elopak is the second company to invest in BOC this year. In January, medical technologies group Nissha (Kyoto, Japan; www.nissha.com) also took an unspecified stake in the Swedish firm. Like the Elopak deal, financial details of that arrangement were not disclosed.
Founded in 2021 and currently employing around 20 workers, BOC designs and manufactures a range of cellulose fibre-based closures for markets including bottles for the supplements and nutritional foods sectors, and drinks industries.
The firm has developed a proprietary vacuum press forming technology and says its fibre-based closures are as recyclable as paper.
27.03.2025 Plasteurope.com [257674-0]
Published on 27.03.2025