BioPak acquires reusable cup business Huskee

Packaging business BioPak has announced the acquisition of Australian-based reusable cup company, Huskee. 

In a statement on Tuesday, BioPak said the deal “marks a significant partnership and alignment” and will “fast-track and strengthen both BioPak and Huskee’s shared vision towards a circular economy and a world without waste.”

The value of the deal was not disclosed,

Huskee’s staffing would be unchanged, according to the release, and the acquisition would accelerate its development and release of new products.

BioPak CEO Gary Smith said the new “opens the door to an array of exciting new circular solution reusable products and services” which will fit seamlessly into BioPak’s offering.

“BioPak’s long-term strategic direction is to drive significant investment into the reusable market, with Huskee’s impressive cup exchange program and end-of-life recycling program being perfectly aligned with our vision towards circularity,” said Smith, who was recently named as the winner of the EY Entrepreneur Of The Year 2024 Australia awards.

Huskee founder Saxon Wright said “… BioPak’s values and ethos are perfectly aligned with Huskee’s commitment to the environment, and we see this as a significant step forward in helping us continue to build scalable ecosystems that seek to reduce waste, encourage the reuse of goods and recycle materials to enable the transition to a waste-free world.”

According to its website, BioPak was founded in 2006 by Smith and Richard Fine, and has distributors and customers in Australia, New Zealand, the United Kingdom, Europe, Singapore and Hong Kong. It makes a variety of products, including bags, containers, cups (pictured) and trays from “renewable, plant-based materials”. 

Huskee makes cups, lids, bowls and other products, mainly from “a biopolymer made from coffee husk.”

Picture: Aqueous BioCups made by BioPak (credit BioPak)

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