Unisource Global Solutions (UGS) has completed the asset acquisition of Pakit Sweden AB to be more responsive to customer needs in sustainable packaging.
UGS, a division of Unisource Worldwide, provides packaging design and engineering solutions with a focus on renewable materials.
Pakit Sweden AB is a international developer of moulded fibre solutions for the packaging industry.
"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," said 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."
The acquisition by Unisource includes the purchase of equipment that uses cellulose fibres to manufacture moulded fibre packaging, replacing the use of plastic trays, bottles, containers, carriers and other conventional petroleum-based packaging.
Gary Miller, president of UGS, added the manufacturing equipment will expand UGS' production resources to drive the next generation of packaging solutions to meet global growing interest in sustainable packaging.