HP acquired Choose Packaging, a packaging development company and inventor of the only commercially available zero-plastic paper bottle globally.
WHO: Based in Edinburgh, Scotland, Choose Packaging aims to minimize plastic pollution by offering plastic-free alternatives to everyday products.
Their patented technology provides an alternative to plastic bottles and can hold a wide variety of liquid products. Its novel, paper-based bottles are made with naturally occurring and nontoxic materials and pave the way for a new standard for bottling solutions globally.
HP Inc. is a technology company that believes one thoughtful idea has the power to change the world. Its product and service portfolio of personal systems, printers, and 3D printing solutions helps bring these ideas to life.
WHY: This transaction is in line with HP's desire to disrupt the $10 billion fiber-based sustainable packaging market. HP's first step in transforming this industry was the introduction of its 3D printing-enabled Molded Fiber Tooling Solution designed to bring customizable, fiber-based products to market faster and more affordably. With the integration of Choose into its Personalization & 3D Printing business, HP will focus on scaling its technology and customer footprint to expand the addressable market. There are more than 150 million tons of single-use plastics produced each year and HP intends to disrupt this market with fiber-based, 100% plastic-free packaging.
IN THEIR OWN WORDS: "This acquisition is a great example of how we continue to strengthen our capabilities in attractive verticals like sustainable packaging while also driving progress against HP's broader sustainability goals," said Savi Baveja, Chief Strategy & Incubation Officer, HP Inc. "Choose has built a truly differentiated technology and we are excited to welcome this talented team to the HP family."
“As a plastic-free packaging development company, we've successfully created technology that can provide a viable alternative to plastic bottles to help eliminate single-use PET packaging," said James Longcroft, founder and Managing Director, Choose Packaging. "HP's world-class capabilities and expertise can help scale our impact at a global level. We are thrilled to join the HP team and couldn't have chosen a better match in terms of our shared goals for business, technology, sustainability, and a values-oriented culture.”
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