Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, February 11 2022 - 04:52
KraftPal Technologies Raises US$123.9 million from Pasaca Capital
MARIBOR, Slovenia, Feb. 10, 2022 /PRNewswire-AsiaNet/ --

KraftPal Technologies (KraftPal) announced today a US$123.9 million equity 
investment from Pasaca Capital Inc. (Pasaca), a California-based private equity 
firm, which will allow KraftPal significantly to expand the production of its 
lightweight, eco-friendly, low-cost, and highly durable corrugated pallets and 
accelerate a massive paradigm shift throughout the pallet industry.  

KraftPal boasts an environmentally friendly and sustainable corrugated 
cardboard pallet that exceeds existing international logistics performance 
standards at a fraction of the weight (and cost) of a traditional wood pallet.  
KraftPal's automated mass-production manufacturing process allows it quickly to 
deliver fully sanitized, customizable pallets at scale. 

"We are excited about KraftPal's innovative corrugated pallets and what they 
will do to facilitate more cost-effective and sustainable solutions in this 
industry," said Dr. Charles Huang, Chairman of Pasaca. "At Pasaca, we aim to 
invest in transformative technologies that significantly impact and improve 
existing industry norms.  We are therefore pleased to invest into KraftPal and 
accelerate its global production capacity.  This will undoubtedly cause a 
fundamental transformation in the way the world transports and stores goods and 

"Our pallets can replace up to 30% of the wooden pallets entering the market 
each year," said Gregor Brajovic, CEO of KraftPal. "We're honored to attract 
this investment, which is the largest ever in this industry.  This investment 
demonstrates Pasaca's confidence and support of our vision of the future of the 
pallet industry and allows us immediately to scale up our production capacity 
in Europe and North America.  We are excited about what we'll accomplish over 
the next several months, and also what we will do to revolutionize this 
industry forever."

About KraftPal Technologies
Formed in 2012 and operating today across Europe and the Middle East, KraftPal 
utilizes a high-speed automated system to manufacture durable, lightweight, and 
recyclable corrugated pallets.  Its mission is to improve performance, cost, 
sustainability, and efficiency in the way companies transport and store goods.
About Pasaca Capital, Inc
Pasaca Capital Inc. is a California-based private equity investment firm 
focused on innovative technologies and products that improve the human 
condition. With a focus on medical devices, pharmaceuticals, TMT, industrial & 
automation, and food sectors, Pasaca portfolio companies including, Innova 
Medical Group, Inc, Sweegen Inc, Meepo Inc., ATL Group Ltd, ASOCS, Caton 
Technology, and others, operate globally.

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Source: KraftPal Technologies Inc.