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Nestlé Waters North America Invests in Startup Timeplast to Explore Alternative Packaging Technologies
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STAMFORD, Conn. Nestlé Waters North America (NWNA) has invested in Timeplast, a Florida-based startup that is researching solutions for one of the critical aspects of the global plastic waste challenge – plastic that isn’t properly recycled and ends up in landfills, oceans and waterways. Timeplast is exploring a new technology that may help to minimize the impact of plastic that leaks into the environment.
“I knew a strategic partnership would be critical to further develop a solution that both addresses plastic pollution while maintaining compatibility with the existing recycling system,” said Manuel Rendon, CEO at Timeplast. “With Nestlé Waters’ packaging and recycling expertise, we are excited to continue testing the capabilities of a technology that we will work together to bring to market. This is a steppingstone of our company’s big plan to a wor