The innovative startup Papair announces that it has gained Harbour Investment Holding as a new strategic partner to scale the production of PapairWrap, the pioneering paper bubble wrap, and to drive the development of sustainable packaging solutions.
Partnership for scaling and further development
Papair GmbH has been producing PapairWrap, the bubble wrap made of paper, at its own site in Rethem an der Aller / Lower Saxony since August 2023. The company has developed its own technology and production facility for manufacturing. The innovative packaging material is currently being produced on a pilot plant. In order to take the next step in scaling up and increase production capacity, further investment is required, particularly in machinery and equipment.
A leading company as a partner
With Harbour Investment Holding, Papair now has one of the leading companies in the paper industry at its side as a strategic partner. In addition to scaling the content of the manufacturing process, the collaboration will also focus on the further development of PapairWrap and other sustainable packaging solutions.
Support for expansion and innovation
The investment by Harbour Investment Holding will support Papair's expansion efforts, including the expansion of production capacity, the promotion of research and development initiatives and the expansion of its European and international market presence. The collaboration will leverage synergies in production and distribution to accelerate the transition to sustainable packaging solutions, providing added value to customers while reducing environmental impact.
Christopher Feist, CEO & Co-Founder of Papair GmbH
"In forging this strategic partnership with Harbour Investment Holding, Papair GmbH solidifies its commitment to driving meaningful change in the packaging industry." emphasises Christopher Feist, CEO & Co-Founder of Papair GmbH. " By leveraging Harbour Investment's expertise and resources, we are equipped to accelerate the development and deployment of PapairWrap while simultaneously exploring untapped markets and distribution channels. This partnership not only signals our shared commitment to driving positive change but also underscores our dedication to creating a sustainable future for generations to come.”
Marcel Bergmann, CEO and Chairman of Harbour Investment Holding
"We are thrilled to join forces with Papair GmbH as we continue our journey toward sustainability within the paper industry.” said Marcel Bergmann, CEO and chairman of Harbour Investment Holding. "The synergies between Papair GmbH and our portfolio companies, including Schades, Omeko & R+S Group, present an exciting opportunity to drive innovation and promote sustainable solutions across the packaging value chain."