Key Takeaways:
- Expansion of GFRP’s Portfolio: Generation Food Rural Partners I, LP (GFRP) has announced its acquisition of Pittsburgh-based DisSolves, Inc., which expands GFRP’s portfolio in sustainable food packaging technology.
- Innovative Technology: DisSolves has developed a patented technology for creating biodegradable, edible films and packaging materials that dissolve in liquids like water, milk, and juice without altering the taste.
- Continued Leadership: DisSolves’ founder, Jared Raszewski, will remain with the company as the Founder & Chief Product Officer, continuing to develop and commercialize this innovative material.
- Support for Rural Economic Growth: The GFRP Fund, focusing on innovations in agriculture, food, and protein sectors, invests in companies to create living wage jobs and drive economic growth in rural communities.
- Successful Exit for Initial Investors: The acquisition marks a fruitful exit for DisSolves’ initial investors, including Innovation Works, highlighting the company’s growth and potential under GFRP’s guidance.
Generation Food Rural Partners (GFRP) has recently expanded its investment portfolio by acquiring Pittsburgh-based DisSolves, Inc. This acquisition is a significant step in GFRP’s commitment to investing in innovative companies within the food, agriculture, and protein sectors, particularly those focusing on sustainable practices.
DisSolves, Inc.: Pioneering Sustainable Packaging
DisSolves, Inc. is at the forefront of sustainable packaging technology. Their patented technology uses biodegradable and edible components, certified as GRAS (Generally Recognized As Safe), to create films and packaging materials. These materials have a wide range of applications, such as encapsulants, nutraceuticals, and various types of pods. A vital feature of these materials is their ability to dissolve in liquids like water, milk, and juice, providing an environmentally friendly solution to traditional packaging challenges.
Leadership and Vision
Jared Raszewski, the founder of DisSolves, will continue his role in the company, focusing on further developing and commercializing these breakthrough materials. His vision for reimagining food packaging aligns perfectly with GFRP’s mission, promising a synergistic partnership.
Impact on Rural Communities and Economic Growth
The GFRP Fund drives economic growth and development in rural communities. By investing in companies like DisSolves, GFRP aims to create living wage jobs and foster economic development in these areas. This acquisition is a testament to GFRP’s commitment to environmental sustainability and supporting the rural economy.
A Successful Journey for Initial Investors
The acquisition of DisSolves also signifies a successful exit for the company’s initial investors, including Innovation Works. This success story highlights the potential of startups dedicated to innovation and sustainability and the importance of support and resources provided by funds like GFRP.
The acquisition of DisSolves, Inc. by GFRP marks a significant milestone in the journey towards more sustainable food packaging solutions. With its innovative technology and the continued leadership of its founder, DisSolves is well-positioned to make a substantial impact in the packaging industry. Furthermore, this move aligns with GFRP’s broader goals of fostering innovation and economic growth in rural communities, making it a win-win for all parties involved.
Image provided by GFRP
