India, March 29 -- To further reinforce the company's R&D capabilities, Elopak has invested in Blue Ocean Closures AB (BOC), a Swedish technology company which develops fiber-based closures for packaging.

The deal follows the launch of Elopak's revised strategy, 'Repackaging tomorrow', in September 2024. This strategic investment demonstrates a solid opportunity to connect two companies and R&D environments that together can develop the caps and closures for the future. This initiative has the potential to further strengthen Elopak's innovation capabilities and complements our sustainability frontrunner ambition.

Blue Ocean Closures will continue to bring the first applications to market together with its existing brand partners, now with strong support from Elopak in accelerating early developments. As part of its investment, Elopak has secured the exclusive rights to market, sell and distribute worldwide BOC's moulded fiber caps on gable top cartons, including our iconic Pure-Pak and D-PAK cartons.

Elopak has a strong track record of delivering carton and closure innovations. BOC's caps aim to provide a more sustainable alternative to plastic closures. This could help to further lower the overall carbon footprint of Elopak's cartons by reducing plastic content and increasing the use of paper fibers.

"We are proud to be partnering with Blue Ocean Closures in further exploring this exciting technology, complementary to our ongoing R&D activities. BOC's fiber-based closures are a promising solution that can support Elopak's vision for a more renewable, low-carbon, and low-plastic dependant packaging sector. This innovation fits within our 'Repackaging Tomorrow' strategy for sustainability-driven growth," said Thomas Kormendi, chief executive officer of Elopak.

"BOC is delighted to have Elopak join our partnership of leading industrial owners. We share Elopak's vision for reshaping the future of packaging and are excited to learn from their global network and decades of experience in sustainable innovation," said Lars Sandberg, chief executive officer of Blue Ocean Closures.

Published by HT Digital Content Services with permission from FoodTechBiz.