deSter to acquire production units of Nupik International, S.L. and Sky Paper, S.L.U.

 This transaction represents another milestone in the development of deSter and accelerates the deployment of its Foodservice strategy. With the acquisition of the state-of-the-art, fully automated warehouse and additional production lines for paper and recyclable plastic food contact materials in Spain, it strengthens deSter’s production and supply chain capabilities and contributes to its mission and ESG strategy.

deSter provides Nupik with a stable financial base to invest and expand the production capabilities in Spain. Incorporating deSter’s sustainable product range and award-winning design capabilities will enhance the Nupik’s product portfolio and increase its customer service levels. The access to the deSter manufacturing plants in Thailand, Belgium, and the US, and to the global network of sourcing partners will improve the competitiveness and unlock sustainable growth in reusables, compostables, and recyclables.