Papair GmbH enters into a strategic partnership with Harbour Investment Holding. A 7-digit investment is to enable the expansion of production capacities and the development of new markets.
The start-up Papair has gained Harbour Investment Holding as a new strategic partner to support the production of PapairWrap, theer bubble wrap made of paper, and to drive forward the development of sustainable packaging solutions.
The start-up PapairWrap has been producing at its own site in Rethem an der Aller, Lower Saxony, since August 2023. The company has developed its own technology and production plant for manufacturing. The innovative packaging material is currently being produced on a pilot plant. In order to take the next step in scaling up and increase production capacity, further investment is required, particularly in machinery and equipment.
With Harbour Investment Holding, Papair now has one of the leading companies in the paper industry at its side as a strategic partner. In addition to scaling the manufacturing process in terms of content, the focus of the collaboration will also be on the Further development of PapairWrap and other sustainable packaging solutions lie. The investment by Harbour Investment Holding will support Papair's expansion efforts, including the expansion of production capacities, The company is also focussing on promoting research and development initiatives and expanding its European and international market presence.
„Through the strategic partnership with Harbour Investment Holding, Papair GmbH reaffirms its commitment to driving change in the packaging industry. By leveraging the expertise and resources of Harbour Investment Holding, we are able to accelerate the development and deployment of PapairWrap and enter new markets and distribution channels. This partnership not only signals our shared commitment to initiating change, but also emphasises our commitment to a sustainable future for generations to come.“
Christopher Feist, CEO & Co-Founder of Papair GmbH
Source: Papair
