HP acquires Choose Packaging, a fibre-based packaging development company
HP has acquired UK-based Choose Packaging, which HP said, will be integrated into its personalisation and 3D printing business, thereby expanding its foot print in the market. Financial terms of the transaction were not disclosed.
04 Feb 2022 | By Noel D'Cunha
The fibre-based sustainable packaging is a USD 10-billion market, and HP’s first step into this industry was when it introduced its 3D printing-enabled molded fibre tooling solution.
Choose Packaging, a packaging development company and inventor of the only commercially available zero-plastic paper bottle in the world. Choose’s patented technology provides an alternative to plastic bottles and can hold a wide variety of liquid products. Its paper-based bottles are made with naturally occurring and non-toxic materials and pave the way for a new standard for bottling solutions globally.
“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 and incubation officer, HP. “Choose has built a truly differentiated technology and we are excited to welcome this talented team to the HP family.”
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.
“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.”
Choose works with many large global companies including Accolade Wines, one of the biggest wine companies in the world with over 50 brands including Hardys, Banrock Station, and Grant Burge available in more than 130 countries; Henkel, one of the world’s largest consumer and industrial goods companies; Malibu Rum, one of the strategic international brands in Pernod Ricard’s global portfolio; and many more.
“At Accolade Wines, we put innovation and sustainability at the heart of everything we do in our mission to be the world’s most innovative wine company. We are excited to see Choose join a recognised leader like HP who puts these topics at the top of its agenda. Consumers are demanding more sustainable alternatives and we look forward to continuing our work together to be the first wine company globally to deliver 100% biodegradable packaging across some of our leading brands including Banrock Station and Hardys,” said Sandy Mayo, chief marketing officer, Accolade Wines.
“Henkel drives active progress towards a circular economy by creating smarter packaging for the benefit of people and the planet,” said Berthold Schreck, R&D vice president laundry care, Henkel. “Choose and HP bring together a game-changing combination of packaging technologies and we are excited to collaborate to develop new sustainable packaging solutions and reduce plastics in our consumer goods products.”