Vinge has advised PulPac AB in connection with an investment in the aggregate amount of MEUR 31 from strategic partners Aliaxis, Stora Enso, Amcor Ventures and Teseo Capital. Existent owners, including cornerstone investor WPP, have also participated in the equity raise.
PulPac has developed a way to manufacture materials and products similar to plastics including, among other things, packaging, using paper as a raw material instead of plastic, so-called Dry Molded Fiber, in a process which requires far less water than previous methods. The company was founded in 2018, employs approximately 70 people and is based in Gothenburg.
Vinge’s team primarily consisted of Kristian Ford, Sofie Nordgren, Carl Trolle Olsson, Lisa Bourghardt and Karin Gynnerstedt.
