Ecolab Inc. has acquired the paper chemicals business of Atlanta-based Georgia-Pacific, the company announced Friday.
The St. Paul-based company did not disclose how much it’s paying for the business, which uses chemicals to make paper softer and more durable, but that unit generated $43 million in revenue for Georgia-Pacific in 2016, Ecolab said. Georgia-Pacific is owned by Wichita, Kan.-based Koch Industries.
Ecolab will use this operation to grow its tissue and paper towel industry, the company said. The deal is expected to be completed at the end of the year.
With revenue of $13.15 billion in 2016, Ecolab is the ninth-largest public company in Minnesota when ranked by revenue.
By Nick Williams
Source: Minneapolis Business Journal
The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.
The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.
Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.