O F Packaging (O F Pack) has announced a joint venture partnership with One Paper that sees the formation of a new business called O F Resource Recovery, effective 1 January 2021.
O F Resource Recovery will operate as a division of O F Pack from the current One Paper premises in Laverton. One Paper will cease trading, and the shareholders of One Paper will remain shareholders in the new business.
O F Pack managing director Joe Foster told PKN, “At O F Pack we take our role in sustainability very seriously, having spent much of the past 24 months researching and developing better packaging alternatives to the market that would still provide their main purpose of product protection and safety.”
These alternative products [including the Roll ‘n’ Recycle flexible packaging concept] have now been launched and have, according to Foster, enjoyed great success over the past six months.
“As our ambitions move beyond our sustainable product offering, O F Pack felt compelled to forward integrate and consider our place in the entire life cycle of packaging, and as a manufacturer of packaging materials, we felt the need to contribute to reclaiming and recycling packaging materials at their end of life,” Foster said.
To achieve this, O F Pack has looked to those with long-term experience in this sector, who share the common goal of diverting waste from landfill and utilising these resources in more sustainable ways, while understanding the true value packaging has to offer.
“In One Paper we have found the perfect partner for this endeavour and are excited to join with them to form the new business O F Resource Recovery.”
Foster says the One Paper team is well established with extensive experience in the recovery industry for cartons and paper, and together with O F Pack saw this as a great opportunity to continue in its sustainability efforts along the entire supply chain.
In the initial phase of the new business operations, the focus will be on carton and paper industrial waste recovery, with a view to expanding the capability into soft plastics.
“We can see the potential for expanding the current operation to eventually include soft plastic recovery, while allowing us to offer a breadth of recovery and recycling services to both O F Pack customers and the market in general,” Foster said.