Malmo, Sweden-based Duni Group, a sustainable dining and food packaging solutions provider, has announced the acquisition of Australian-based reusable coffee cup brand, Huskee.
This move aims to bolster Duni Group's food packaging division and encourage circular food and beverage habits globally.
It is also intended to expand its market presence, particularly in the Asia-Pacific region.
Based in Australia, Huskee offers coffee and tea cups made of high quality materials that leverages waste and recycled material.
The company offers cup exchange programme and end-of-life recycling programme, to facilitate the delivery of the highest possible impact with minimal footprint.
The acquisition of Huskee comes after Duni subsidiary BioPak Group acquired Decent Packaging, a New Zealand company that produces take-away packaging from plant-based materials, in January this year.
Both these companies are B Corp Certified and share a strong commitment to sustainability, offering services like compost collection to minimise environmental impact.
The combined annual net sales of Huskee and Decent Packaging amount to approximately Skr200m, ($19m) with profitability that aligns with Duni Group’s financial expectations.
The integration of both companies into BioPak Group, under Duni Group's Food Packaging Solutions business area, is set to drive growth.
Decent Packaging was consolidated on 1 February 2024, and Huskee followed on 1 April.
The acquisitions are financed through BioPak Group's existing loan facility and shares of BioPak Pty.
In March 2024, Duni Group announced its acquisition of a majority stake in German reuse company Relevo, increasing its stake from 24.51% to 50.02%.
Headquartered in Malmo, Sweden, Duni Group has production units Sweden, Poland, Germany and Thailand.