NEW YORK, July 21, 2021 /PRNewswire/
-- Dymapak, the leading global manufacturer of
innovative child-resistant packaging solutions designed for a
variety of applications and industries, has launched a new
initiative and partnership with the social enterprise Plastic
Bank®.
Plastic Bank stops ocean plastic and improves the lives of
collectors in coastal communities by building ethical recycling
ecosystems and reprocessing plastic-based materials for
reintroduction into the global supply chain.
The global packaging industry's market value is expected to
reach 1.6 trillion by 2027, the scale of which presents sizable
environmental challenges and genuine opportunities for change.
Dymapak's meaningful action to reduce its plastic footprint already
includes recyclable and post-consumer recycled products, and is
strengthened today by the commitment to stopping ocean plastic in
partnership with Plastic Bank. Already this year, Dymapak will
prevent more than 6,524,275 plastic bottles from entering the
ocean.
Working with Dymapak means doing business with a brand that
stands behind the standards of its products, and the world in which
they're produced. Future partners of this initiative will commit to
the collection of ocean-bound plastic pollution with every bag
purchased.
"Reducing ocean waste continues to be a top priority for
Dymapak, and our partnership with Plastic Bank takes this effort to
new heights," said Ross Kirsh, CEO,
Dymapak. "We believe that ethical businesses require ethical
partners," Kirsh continued. "Now is the time for meaningful change,
and we're calling on our global partners to turn their interest
into action alongside this initiative with us."
"We're excited to partner with Dymapak—a company that shares our
vision and ethos on creating environmental, social and economic
impact," said David Katz, founder
and CEO of Plastic Bank. "By supporting ethical recycling
ecosystems in coastal communities, Dymapak is setting an industry
standard that will have a meaningful impact on the health of our
planet."
The Dymapak promise is built on security, quality and service,
and the company will continue to pledge ongoing support for the
health, safety and wellbeing of the environment. Plastic Bank
collectors receive a premium for the materials they collect, which
helps them provide basic family necessities such as groceries,
cooking fuel, school tuition and health insurance.
The partnership with Plastic Bank was launched in June 2021 alongside HEXO (TSX: HEXO; NYSE: HEXO),
an award-winning licensed producer of innovative products for the
global cannabis market.
"We have always taken our responsibility for sustainability
seriously," said HEXO CEO and co-founder Sebastien St-Louis. "As we are on the verge of
becoming the top Canadian LP by recreational market share, we are
proud to join forces with our primary packaging supplier Dymapak,
and its partner Plastic Bank, to offset all the plastic in our
pouch packaging–a total of 63,000 kilograms."
Highly compatible with pharmaceuticals, nutraceuticals, consumer
goods and cannabis applications, the Dymapak suite of child
resistant bags and packaging solutions meet the ever-growing need
for safety packaging while reducing waste, emissions and
materials.
About Dymapak
Founded in 2010, Dymapak is the leading
global manufacturer of innovative child-resistant packaging
solutions engineered and designed for a variety of applications and
industries. Dymapak's notable Secure Sack™ solution is the world's
first resealable press-to-close zipper system holding four utility
patents and multiple lab certifications as child resistant in
accordance with CPSC 16 CFR 1700. Highly compatible with
pharmaceuticals, nutraceuticals, consumer goods and cannabis
applications, the Dymapak suite of packaging solutions meet the
ever-growing need for safety packaging while reducing waste,
emissions and materials. Dymapak products are available online at
dymapak.com as well as through distributors in the United States, Canada and throughout Latin America.
About Plastic Bank
Plastic Bank empowers the
regenerative society. We build ethical recycling ecosystems in
coastal communities and reprocess the materials for reintroduction
into the global supply chain. Collectors receive a premium for the
materials they collect which helps them provide basic family
necessities such as groceries, cooking fuel, school tuition, and
health insurance. Plastic Bank's Alchemy™ blockchain platform
secures the entire transaction and provides real-time data
visualization – allowing for transparency, traceability, and rapid
scalability. Learn more at plasticbank.com.
About HEXO (TSX: HEXO; NYSE: HEXO)
HEXO is an
award-winning licensed producer of innovative products for the
global cannabis market. HEXO serves the Canadian recreational
market with a brand portfolio including HEXO, UP Cannabis, Original
Stash, Bake Sale, Namaste, and REUP brands, and the medical market
in Canada, Israel and Malta. The Company also serves the
Colorado market through its
Powered by HEXO® strategy and Truss CBD USA, a joint venture with Molson Coors (NYSE: TAP). In the event that the
previously announced transactions to acquire 48North and Redecan
close, HEXO expects to be the number one cannabis products company
in Canada by recreational market
share. For more information, please visit www.hexocorp.com.
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SOURCE Dymapak