iPac Secures £4.75M for Eco-Friendly Packaging

iPac, a Gateshead-based food packaging company, secures a £4.75 million investment from Maven Capital Partners to expand their eco-friendly product line, serving major retailers like Tesco, Marks & Spencer, Aldi, and Sainsburys. Since partnering with Maven in 2019, iPacs sales have surged from £6.3 million to £25 million annually, driven by their commitment to sustainable design. Founded by Jonny Catto and Harry Reed, iPac operates two factories and plans to boost production capacity with the new funding. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3a01d74ed4e44ec1