Sealed Air and Ecovative Design have completed the previously announced agreement to accelerate the production, sales and distribution of Ecovative’s EcoCradle Mushroom Packaging made from agricultural byproducts and mycelium or mushroom roots.
In the process, an agricultural waste material will be converted into a packaging solution that meets the performance needs of the customers and protects against their products being damaged during shipping.
Sealed Air will be Ecovative’s mycelium based material technology’s exclusive licensee in North America for protective packaging applications, as part of the agreement and will begin offering the new products immediately.
The companies have been developing plans for sales and marketing as well as the augmentation of production capabilities, since January 2012.
Sealed Air Protective Packaging business president Ryan Flanagan said the Ecovative Design team has created a fundamental material technology, using the properties of mycelium to provide solutions to protective packaging.
"The agreement also furthers our SmartLife™ commitment to sustainability and providing solutions that reduce waste throughout the supply chain," Flanagan added.
Sealed Air and Ecovative Design have not disclosed the transaction details.