good natured Products signs deal with U.S. packaging provider
April 15, 2020, Vancouver, B.C. – good natured Products Inc. has signed a one-year commercial agreement to supply earth-friendly packaging material to SmartPac Inc., a U.S.-based food and beverage packaging provider.
The company estimates the agreement will deliver between $650,000 and $1.3 million in revenue with expected gross margins of 25 to 30 per cent.
“We’re excited to partner with the team at good natured® in an effort to transition some of our plastic food and beverage packaging to plant-based alternatives,” said Carey Edwards, president and CEO of SmartPac Inc. “Our customers are asking us for more eco-friendly options, and this partnership will allow us to offer a wider range of custom-made, earth-friendly packaging to our already large customer base.”
Paul Antoniadis, CEO of good natured®, added, “It’s a real pleasure to be working with an industry leader like Carey (Edwards) and his growing team at SmartPac to make more plant-based products and packaging available to customers in the United States and Canada. It’s commercial agreements like these that reinforce our commitment to being a leader in the development and distribution of renewable, sustainable products and packaging in North America.”
This news comes after the company’s recent announcements outlining the acquisition of Shepherd Thermoforming & Packaging Inc. and the signing of multi-year commercial agreements with two U.S food producers to supply plant-based packaging, delivering between $1.7 to $2 million in organic growth on an annualized basis. The Shepherd acquisition is subject to certain closing conditions and is expected to close by the end of April 2020.
good natured® is producing and distributing one of North America’s widest assortments of better everyday products® made from the highest possible percentage of renewable, plant-based materials and no BPAs, phthalates or other chemicals of concern potentially harmful to human health and the environment.