Unisource Worldwide Completes Acquisition of Pakit

Transaction expands Unisource’s capabilities in sustainable packaging design and manufacturing.

August 29, 2012
Recycling Today Staff
Legislation & Regulations Paper

Unisource Global Solutions (USG), a Norcross, Ga.-based division of Unisource Worldwide Inc., Norcross, Ga., has completed the asset acquisition of Pakit Sweden AB, a developer of molded fiber products for the packaging industry.

The acquisition 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.

“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,” says 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 says.

“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.