Funds advised by One Equity Partners (OEP) have sold the Duropack Group to the packaging company DS Smith for approximately US$340 million. The transaction is subject to approval from the relevant antitrust authorities and is likely to close in Q2 2015. OEP acquired the company in 2009 when it acquired the majority of Constantia Packaging AG and subsequently delisted it from the stock market. “The Duropack Group is well positioned in the growing packaging industry. Rob Jan Renders and the management team, along with all the employees of Duropack, have done an excellent job in advancing Duropack’s customer offering and market position.
The issue of food waste is very real. Approximately one-third of food produced for human consumption is wasted globally and, in the U.S., nearly 95 percent of that food ends up in landfills or combustion facilities, according to the EPA.
While there is no single remedy to solving the problem of food waste, there are several steps that food processors and retailers can take to immediately improve operational efficiency and sustainability and reduce food waste.
In a recent report by the Food and Agriculture Organization (FOA) of the United Nations, the organization identified areas along the food supply chain where food waste occurs. The FAO report highlighted, for example, how improved technologies can help prevent food waste during the harvesting and processing phases of food production. It’s also known that advanced packaging technologies play an important role in ensuring the freshness and extending the shelf life of food, enabling retailers to better satisfy consumer demands and minimize food waste from farm to fork.