The briefing on the latest developments

The news and data you need to know about the packaging industry

NEWS

News

C-P Flexible Packaging acquires Genpak Flexible

Flexible packaging manufacturer C-P Flexible Packaging has acquired North American compostable packaging solution provider Genpak Flexible. Financial details of the acquisition have not been disclosed.

30%

UK non-food FMCG brand Andrex has announced the launch of its new packaging material containing 30% recycled plastic. The recycled plastic content is 100% recyclable and is made from post-consumer resin.

The Alliance partners with USAID to tackle ocean plastic pollution

The Alliance to End Plastic Waste and the US Agency for International Development have collaborated to tackle ocean plastic pollution. The initiative aims to avoid the entry of land-based plastic waste into waterways and the ocean.

NUMBERS

numbers

£10m

Sustainable packaging company Transcend has closed a combined £10m equity and debt investment round.

58%

Home improvement retailer Lowe’s Canada has recorded a 58% reduction in the usage of plastic bags in its corporate store network in 2019 compared to 2017.

£35,868

UK high street discount retailer The Works Stores has made a financial contribution to an environmental charity for waste packaging violations. The voluntary donation made by the company through Enforcement Undertaking to Environment Agency. The Works Stores is offering £35,868.12 to Warwickshire Wildlife Trust.

further reading

Beyond recycling: compostable packaging and the post-Covid-19 world

The coronavirus has caused plastic use to surge in many sectors. As we look towards

rebuilding, a concerted effort to create a plastic-free future is paramount, according to TIPA's CEO, Daphna Nissenbaum, who gave some insight into the matter at the online technology conference, Collision from Home.

Source: Verdict

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