News Packaging
Buyer will fund growth of PaperNuts’ innovative loose fill packaging

PaperNuts Corp., a fledgling Ontario-based developer and marketer of innovative paper-based packaging solutions, has been acquired by Axiom Corp. and become a wholly-owned subsidiary of that company. 

PaperNuts Corp., a fledgling Ontario-based developer and marketer of innovative paper-based packaging solutions, has been acquired by Axiom Corp. and become a wholly-owned subsidiary of that company. 

Tyler Pearson, CEO of PaperNuts, commented, “We are extremely pleased to have quickly completed this important going-public transaction that should help to accelerate our growth strategy and allow us to better deliver the highest-quality eco-friendly and sustainable paper packaging technologies to businesses of all sizes.” 

The company expects to change its name from Axiom Corp. to PaperNuts Limited to better represent its new business focus and the PaperNuts brand.

PaperNuts Corp. owns proprietary technology and intellectual property originally developed in Finland that provides an environmentally friendly alternative to traditional protective packaging options, such as polystyrene foam plastic “peanut” fillers, bubble wrap, air pillows, crumpled paper, foam-in-place, and corn starch peanut products. 

PaperNuts are made from 100% recycled paper. The “PaperNuts Converter” machine used to create PaperNuts produces on-demand on-site packaging that reduces the shipping and storage costs associated with competitive products, the company claims.

Axiom Corp. is described by the Reuters news service as a development-stage company. The company also has an infrastructure business operating in the eastern African nations of Uganda, South Sudan and Kenya through its wholly owned subsidiary, Acton.