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Dart Container Corporation, one of the world's leading manufacturers of food and beverage packaging, has become a strategic equity partner in Red Leaf Pulp Ltd. The investment secures Dart's exclusive rights to use Red Leaf's alternative fiber generated from wheat straw residuals for its molded fiber foodservice packaging.
Red Leaf, a private Canadian company, is scaling up a proprietary and cost-competitive process to convert residual wheat straw into market pulp and next generation bio-products. Their innovative and low-carbon process addresses the supply of materials for the growing market for sustainable packaging, tissue/towel and specialty paper products.
The agreement also provides Dart access to significant capacity from Red Leaf's initial conversion facility, scheduled for completion in 2026 in Regina, Saskatchewan. Terms of Dart's investment will not be publicly disclosed.
Parties
Company
Dart Container Corporation
Company
Red Leaf Pulp Ltd.
Deal Type
Financing/InvestmentIndustry
AgricultureTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date