Transaction year:
April 2022

Transaction type:
– Corporate Finance
– Private Equity

Transaction sector:
– Cleantech, Energy and Sustainability

PaperFoam, a Dutch supplier of eco-friendly packaging, announced the formation of a US joint venture with Max Solutions, Inc., a differentiated specialty packaging platform backed by PE firm Jefferson Capital.

With the joint venture PaperFoam’s existing US based manufacturing facility will be leveraged to increase the sales of 100% compostable sustainable packaging in the North American market. Moreover, the joint venture provides for Max Solution the technology and products of PaperFoam for their wide array of customer base.

Founded in 2021, Max Solutions provides a differentiated specialty packaging platform to a wide range of customers within the health care and consumer industries. The manufacturing facilities of Max Solutions will open in the United States over the next several months.

PaperFoam provides unique, patented manufacturing process with eco-friendly packaging solutions across Cosmetics, Electronics, Food, Gardening, and Medical industries. The facilities are in the US, Europe and Asia.

Vondel Finance acted as advisor to PaperFoam during the process.

The press release can be read here..