Called Neverwaste®, the panels offer a completely sustainable alternative to conventional panels that are made from timber and resin and are toxic in production and in use. Neverwaste® is made entirely from waste cardboard and packaging without the use of any glues or toxins and can be remade into new panels at end of life, making it a ‘pure play’ circular economy product with exceptional environmental credentials.
The funding close is part of an initial £5m round that will be followed by a £60m round to rapidly increase production capacity to meet the demands of its customers that include some of Europe’s biggest manufacturers of furniture, kitchens, flooring, and internal joinery.
Find out more about Kinetix Critchleys Corporate Finance.
Find out more about Ray Barrett