Hamburg-based K.D. Feddersen Holding has acquired a minority interest in Biofiber Tech Sweden - BFT - the company has announced.
BFT is a young greentech start-up that offers innovative solutions in the field of bio-based raw materials for various plastics applications. The company has developed and patented a method to surface-modify wood fibres from fir trees, using a process that makes these more compatible with plastics. No harmful chemicals are used. The fibres are further processed into pellets, for easy handling when mixed with new or recycled plastic. The ratio of natural material and plastic is set based on the requirements of the product and the customer. This mixture is then turned into granulate, which can be converted - using injection moulding or another technology - into a final plastic product.
For K.D. Feddersen, the acquisition is one of the first tangible results of the launch in January 2021 of its new subsidiary, port F. As the Feddersen Group's Corporate Innovation Lab, fort F aims to promote the transition towards the circular economy within the group, mainly through collaboration with players along the entire plastics value chain and through strategic cooperation with and investments in relevant start-ups, such as BFT.
"The cooperation with BFT is not just about a pure equity investment, but in particular about the strategic cooperation between BFT and the subsidiaries of K.D. Feddersen Holding GmbH," said Silke Hamm, who is responsible for business development at port F. "It is a win-win situation for us. “