Australian B Corp and sustainable packaging company BioPak announced the acquisition of Australian-based reusable cup enterprise, Huskee.
The deal aims to fast-track and bolster both BioPak and Huskee’s shared vision towards a circular economy and a world without waste, the firms said in a media release.
Under the acquisition, Huskee will continue to operate with the same team, with the new ownership accelerating the expansion and release of new products.
BioPak CEO Gary Smith emphasised the growth and core opportunities that lie in the reusables market.
“We are incredibly proud to welcome Huskee to the BioPak family,” said Smith.
“This partnership opens the door to an array of exciting new circular solution reusable products and services that will be seamlessly integrated into BioPak’s offering, enabling us to better serve our ever-expanding global customer base,” the CEO explained.
Smith added that BioPak’s long-term strategic direction is to drive significant investment into the reusable market, with Huskee’s cup exchange program and end-of-life recycling initiative being aligned with the company’s vision of circularity.
Huskee’s Founder Saxon Wright commented on the synergy between BioPak and Huskee, describing the acquisition as a “defining milestone” to further strengthen innovation and enable a transition to a waste-free world.
“We are incredibly excited to team up with BioPak,” said Wright.
“At Huskee, we recognise that a vision of having a waste-free world is one that cannot be done on our own, but one that needs collaboration across industries,” he added.
Wright concluded, “With this, BioPak’s values and ethos are perfectly aligned with Huskee’s commitment to the environment, and we see this as a significant step forward in helping us continue to build scalable ecosystems that seek to reduce waste, encourage the reuse of goods and recycle materials to enable the transition to a waste-free world.”
