Matrix Pack acquires The Paper Straw Co, expanding their European Production footprint
Athens, Greece (30th August, 2022) – Matrix Pack SA, the leading European producer of Paper Straws and Biodegradeable Lids for hot and cold drinks and Hoffmaster Inc®, a leading US manufacturer of premium disposable tableware in the USA, announce today the acquisition of The Paper Straw Co, the U.K.’s first paper straw manufacturer based in Manchester, England.
During the past 3.5 years of ownership by Hoffmaster Inc®,The Paper Straw Co has grown to become a leading producer of Paper Straws in the UK and Ireland whilst also having manufactured a RPET face visor made from 100% UK raw materials and designed in house.
“We are pleased that The Paper Straw Co is joining the Matrix Pack group of companies,” says Lyberis Polychronoupolis, CEO of Matrix Pack. “We have grown to become the largest producer of Paper Straws in EMEA and believe that with the addition of the TPSC team in the UK, we will continue to increase our service and product offering to our main customers across the region and specifically in the UK and Ireland.”
Plastic pollution is one of the biggest environmental challenges of our time, with statistics showing that there will be more plastic in the ocean than there are fish, by volume, by 2050. Restaurants and establishments worldwide are working to combat plastic pollution by switching from plastic to paper straws. This further drives Matrix Pack’s commitment to introduce sustainable Fibre based Single use disposables including lids for hot and cold drinks and cutlery.
“At The Paper Straw Co, we have been through an amazing 4,5 years of development and growth and we would like to thank the team at Hoffmaster for their guidance and support. Our initial vision to produce paper straws made up of certified EU raw materials in the UK rather than shipping them thousands of miles away, is still driving us forward. ” said Geert Pijper, MD of TPSC. “We are excited to be joining the Matrix Pack group of companies enabling us to introduce new products into the UK & Irish markets as well as enter into new customer segments with our Paper Straw offering.
Statement from Rory
To learn more about The Paper Straw Co, visitwww.thepaperstraw.co. To learn more about Matrix Pack visit www.matrixpack.gr. To learn more about Hoffmaster, visit www.hoffmaster.com.
ABOUT MATRIX PACK
Hoffmaster® is a one-stop source offering a complete line of premium disposable paper tableware items for restaurants, hospitals, and a wide variety of other service industries. The Company, established in 1947, is the platform company for the Hoffmaster Group, Inc. ® Foodservice Division. Hoffmaster is currently owned by Wellspring Capital Management.
ABOUT THE PAPER STRAW CO®
The Paper Straw Co was founded in April 2018 and is a startup business focused on the manufacturing of paper straws in the Manchester area, with the combined knowledge between the partners of the paper industry, machinery industry and U.K. manufacturing. The Paper Straw Co is the original manufacturer of paper straws in the U.K.