Paper and pulp producer Kruger is among the investors in a $7m round for Ecologic and will also form a partnership with the smaller company.
Ecologic Brands, a US-based manufacturer of recycled products, has raised $7m in a funding round that included a strategic investment by Canada-based pulp and paper manufacturer Kruger.
Participation in the round included venture capital firms DBL Investors and Catamount, private equity firm Black Bear Partners and current angel investors.
The complimentary partnership between mass paper producer Kruger’s technology and Ecologic Brands’ moulded fibre technology will enhance Ecologic Brands’ manufacturing capabilities. Kruger will also become the sole licensee and manufacturer of…
