PR94496

MARIBOR, Slovenia, Feb. 10, 2022 /PRNewswire=KYODO JBN/ --

KraftPal Technologies (KraftPal) announced today a US$123.9 million equity

investment from Pasaca Capital Inc. (Pasaca), a California-based private equity

firm, which will allow KraftPal significantly to expand the production of its

lightweight, eco-friendly, low-cost, and highly durable corrugated pallets and

accelerate a massive paradigm shift throughout the pallet industry.  

KraftPal boasts an environmentally friendly and sustainable corrugated

cardboard pallet that exceeds existing international logistics performance

standards at a fraction of the weight (and cost) of a traditional wood pallet.  

KraftPal's automated mass-production manufacturing process allows it quickly to

deliver fully sanitized, customizable pallets at scale.

"We are excited about KraftPal's innovative corrugated pallets and what they

will do to facilitate more cost-effective and sustainable solutions in this

industry," said Dr. Charles Huang, Chairman of Pasaca. "At Pasaca, we aim to

invest in transformative technologies that significantly impact and improve

existing industry norms.  We are therefore pleased to invest into KraftPal and

accelerate its global production capacity.  This will undoubtedly cause a

fundamental transformation in the way the world transports and stores goods and

materials."

"Our pallets can replace up to 30% of the wooden pallets entering the market

each year," said Gregor Brajovic, CEO of KraftPal. "We're honored to attract

this investment, which is the largest ever in this industry.  This investment

demonstrates Pasaca's confidence and support of our vision of the future of the

pallet industry and allows us immediately to scale up our production capacity

in Europe and North America.  We are excited about what we'll accomplish over

the next several months, and also what we will do to revolutionize this

industry forever."

About KraftPal Technologies

Formed in 2012 and operating today across Europe and the Middle East, KraftPal

utilizes a high-speed automated system to manufacture durable, lightweight, and

recyclable corrugated pallets.  Its mission is to improve performance, cost,

sustainability, and efficiency in the way companies transport and store goods.

www.kraftpal.com

About Pasaca Capital, Inc

Pasaca Capital Inc. is a California-based private equity investment firm

focused on innovative technologies and products that improve the human

condition. With a focus on medical devices, pharmaceuticals, TMT, industrial &

automation, and food sectors, Pasaca portfolio companies including, Innova

Medical Group, Inc, Sweegen Inc, Meepo Inc., ATL Group Ltd, ASOCS, Caton

Technology, and others, operate globally. www.pasacacapital.com

Logo - https://mma.prnewswire.com/media/1686172/KraftPal_Logo.jpg

Source: KraftPal Technologies Inc.