Huskee is Duni Group’s third M&A deal of 2024 following the acquisition of New Zealand’s Decent Packaging in February and doubling its stake in Germany’s Relevo in March
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A Huskee reusable coffee cup | Photo credit: Daniel Norris
Malmö-based sustainable catering firm Duni Group has acquired Australian reusable coffee cup company Huskee for an undisclosed sum.
Founded in New South Wales in 2017, Huskee manufacturers reusable coffee cups from coffee husk waste – the discarded outer layer of coffee beans. Alongside its e-commerce business, Huskee also operates HuskeeSwap, a re-use and recycle cup exchange programme for consumers and corporate businesses to reuse and recycle cups, and Huskee Loop – an end-of-life recycling programme.
In a press release, Duni Group said the acquisition will strengthen its global food and beverage packaging business with a focus on growth in the Asia Pacific market.
The Huskee acquisition is Duni Group’s third deal in the last three months. In February 2024, the group completed the acquisition of New Zealand-based sustainable on-the-go packaging business Decent Packaging.
Generating combined annual sales of approximately SEK 200m ($18.9m), Huskee and Decent Packaging will operate within Duni Group’s Food Packaging Solutions segment, BioPak Group.
In March 2024, Duni Group also increased its stake in German reusable startup Relevo from 24.51% to 50.02%.
Founded in 1949, Duni Group provides sustainable food and beverage packaging solutions for horeca businesses in over 40 markets globally, primarily through its Duni, BioPak and Paper+Design brands. Duni Group, which has production units in Sweden, Germany, Poland and Thailand, achieved 10% sales growth last year to reach SEK 7.7bn ($728m).