Finnish Kamupak and Swedish &Repeat announce the merger
Kamupak, a Helsinki-based provider of reusable packaging solutions, has announced the merger with Swedish impact tech startup &Repeat. With the merger, the new company will strengthen its capabilities to help the restaurant industry meet the new upcoming EU regulations.
- Kamupak was established in 2019 and offers a service for returnable take-away food containers for restaurants, cafés, events, venues, hotels, kiosks and other outlets offering take-away food and drink. The startup aims to reduce the world’s waste load with its digital deposit & borrow system for reusable goods. Today, Kamupak is used in over 120 restaurants and by thousands of event customers.
- Launched in 2020, &Repeat provides solutions against packaging waste. It claims that since launching, more than 2.5 million single-use packaging and 500 tons of CO2 emissions have been avoided as a result of the startup’s solutions.
The process of merger
- The new merged company will have more than 500 customers in Sweden and Finland including brands such as Pressbyrån, Espressohouse, Wolt, and Sodexo.
- Kamupak and &Repeat will integrate its operation and assets in Sweden and Finland under existing brands. Ilkka Puikkonen, the CEO of Kamupak, will become the CEO of the new company. Tor Espen Steinvik, the CEO and co-founder of &Repeat will continue in the company for a transitional period and then take on an advisory role in the new company. Other details of the deal are undisclosed.
”Those who will win the market are those who have the muscle and endurance to help develop solutions and products that work for the restaurant industry, and we are convinced that we can do this better by joining forces. Our ambition is to build a clear Nordic market leader,”says Ilkka Puikkonen, the CEO of Kamupak
- The deal also aims to help the restaurant industry meet the new EU regulation that is coming into force January 2024 in Sweden. According to it, restaurants offer consumers the option to have their take-away food served in reusable packaging that can be returned to the restaurant again for cleaning and reuse.