Swedish Startup Blue Ocean Closures secures investment from Rottneros
Rottneros AB, a Swedish-based manufacturer and supplier of pulp, is now investing in Blue Ocean Closures and becoming a co-owner of the Swedish startup developing proprietary fiber-based packaging materials.
In just two years, Blue Ocean Closures AB has developed technology to produce fiber-based closures for consumer packaging at large scale aiming to replace current plastic solutions in the global market. Their material and vacuum press forming technology bear the potential to make an impact in terms of reducing plastic pollution and its climate effects. Blue Ocean Closures is working in partnership with industrial leaders and brand owners committed to the development of more environmentally friendly solutions.
“At Rottneros we see this field as complementary to our work in wet moulding and exploring the opportunities within dry processes fits very well with our market strategy” says Lennart Eberleh, CEO, Rottneros AB. Blue Ocean Closures expects to benefit from Rottneros’ investment in terms of further strengthening their position and ability to reach market, founder and CEO, Lars Sandberg states.
