Austria’s ALPLA Group, the co-owner of sustainable closures start-up Blue Ocean Closures, has made a second investment in the Swedish company. Blue Ocean Closures aims to bring its fiber-based screw caps to market in 2023.
Founded in 2021, sustainable packaging supplier Blue Ocean Closures develops fiber-based screw caps at its production facility in Säffle, Sweden. Thanks to further investment from co-owner ALPLA, the Swedish start-up is now set to ramp up the development of its biobased caps, which it hopes to launch commercially next year.
The amount invested, Blue Ocean Closures CEO Lars Sandberg told Luxe Packaging Insight, remains confidential. “The funds are intended to speed up the development of a concept that is shown to have great potential, and to meet market demand by bringing the new closures to market more rapidly. This includes growing the team and working on several parallel designs and concepts,” he says.
This summer, Blue Ocean Closures announced a tie-up with Absolut Vodka (Pernod Ricard) that will see the vodka brand adopt a fiber-based cap as early as next year. And paper bottle company Paboco is also working with Blue Ocean Closures as it makes strides in its efforts to launch a “fully biobased bottle”.
Glatfelter Corporation, a specialist in engineered materials, is also a founding partner of Blue Ocean Closures.