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Unisource Completes Acquisition of Pakit

Friday, August 10, 2012

Press release from the issuing company

Unisource Worldwide, Inc. has announced that its division Unisource Global Solutions (UGS) – a world leader in developing and commercializing innovative, globally sustainable packaging solutions – has completed the asset acquisition of Pakit Sweden AB.  The company is a leading international developer of molded fiber solutions for the packaging industry.

“This acquisition builds upon our commitment to be a world leader in providing cutting-edge design, technology, research, manufacturing and ongoing innovation to the packaging industry,” said Al Dragone, CEO of Unisource Worldwide.  “It also improves Unisource’s capability to be more responsive to our customer needs in the sustainable packaging area,” he said.

The acquisition by Unisource includes the purchase of equipment that uses cellulose fibers to manufacture molded fiber packaging, replacing the use of plastic trays, bottles, containers, carriers and other conventional petroleum-based packaging.  The equipment also uses considerably less energy than current packaging processes and reduces the use of water and emissions.

“The molded fiber manufacturing equipment we have acquired will expand UGS’ production resources to drive the next generation of packaging solutions to meet the industry’s growing interest in sustainable packaging on a global basis,” said Gary Miller, President of UGS.

UGS provides innovative and technologically advanced packaging design/engineering solutions with a focus on rapidly renewable materials that deliver brand-differentiating results for its customers.  The company recently received two prestigious honors in recognition of its sustainable packaging solution and innovative business model: the 2012 LUXE PACK in GREEN award and the CBN Weekly Innovation 50 award.


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