Tuesday, February 4, 2014
Be Green Packaging Acquired By The Riverside Company
Santa Barbara-based Be Green Packaging, a designer of sustainable, compostable, and recyclable packaging for the consumer packaged goods market, has been acquired by private equity investor Riverside Company. Financial terms of the deal were not disclosed. According to The Riverside Company, it will be investing heavily to help Be Green Packaging accelerate its growth, in the areas of manufacturing, sales and marketing, and research and development. Be Green Packaging's environmentally friendly products and packaging are based on materials like bamboo, bulrush, wheat straw, sugarcane and rice husks. Be Green Packaging was founded in 2007, and was co-founded by Ron Blitzer and Robert Richman.