Novamont, BioBag join forces for circular economy
By Doris Prodanovic | 14 January 2021
Italian supplier Novamont has acquired Australia’s BioBag Group. The acquisition will help strengthen the two producers’ contribution to the global circular economy.
BioBag Group has been the part owner of BioBag World Australia, led by South Australian manufacturer Scott Morton since January 2018. Novamont is a major supplier of the Master-Bi resin BioBags, which are made in Adelaide.
Morton said he is excited about the new acquisition and finding new ways to replace traditional plastics with compostable alternatives.
“Novamont is a core partner of the Ellen MacArthur Foundation s food initiative and a signatory of its New Plastics Economy which is aimed at rethinking packaging systems globally,” said Morton.