Global technology company Nissha has invested in Blue Ocean Closures, a Swedish startup specialising in fibre-based packaging closures, becoming a co-owner of the company in the process.
This strategic partnership positions Blue Ocean Closures for a ‘substantial’ scale-up to meet growing market demand.
Blue Ocean Closures CEO Lars Sandberg said: “We are extremely happy to have Nissha join our partnership of leading industrial owners and further advance the development of our business, technology and product portfolio.
“Nissha comes with deep knowledge and a proven sustainability record, enabling market expansion and growth.”
Blue Ocean Closures is said to be on a mission to combat plastic pollution and its affiliated climate impact.
The company has developed unique vacuum press forming technology to produce fibre-based closures that are as fully recyclable as paper.
These products offer global brands an opportunity to reduce their carbon footprint by replacing traditional plastic closures with more sustainable alternatives.
The collaboration with Nissha Group, which operates 65 companies worldwide, represents a pivotal step for Blue Ocean Closures.
Nissha board director and Industrial Materials senior executive vice-president Hisashi Iso said: “Joining forces with Blue Ocean Closures is a significant step in our journey towards creating a more sustainable future.
“Their cutting-edge technology and dedication to reducing carbon footprints resonate with Nissha’s core values. Together, we aim to drive innovation and deliver high-quality, eco-friendly solutions to markets worldwide.”
In April last year, Blue Ocean Closures introduced a 95% cellulose fibre screw cap to reduce plastics in packaging closures.
