Close the Loop Limited has acquired leading seafood commercial packaging provider, Oceanic Agencies Pty Ltd (Oceanic).
The acquisition marks Close the Loop’s entry in the bulk commercial seafood packaging industry and delivers on the company’s strategy to grow within the niche packaging and recycling space.
Close the Loop creates innovative products and packaging that includes recyclable and made-from recycled content, as well as collect, sort, reclaim and reuse resources that would otherwise go to landfill.
Queensland-based Oceanic Agencies supplies some of the largest seafood companies in Australia with custom-printed commercial packaging, insulated bins, flexible plastic packaging and plastic tubs and crates. It supplies more than 600 customers and has experienced growth in its client base the past three years.
Currently there is a drive towards sustainable packaging and the replacement of polystyrene cartons with recyclable options within the seafood industry.
Joe Foster, Close the Loop Group Chief Executive Officer said: “We are delighted to have acquired Oceanic Agencies – a company at the forefront of new and innovative sustainable packaging and material handling products for the Australian seafood industry”.
“The acquisition provides further diversification of our circular economy solution. We will combine Oceanic Agencies leading position in seafood packaging and growing customer base with our leadership in the global circular economy for packaging to further enhance our packaging and recycling offering across Australia and worldwide.”
For more information visit: www.closetheloop.com.au