TemperPack has acquired Cruz Foam’s intellectual property portfolio, expanding its materials science capabilities in bio-based alternatives to traditional plastic packaging.
The portfolio includes 23 patents and patent applications across multiple jurisdictions. TemperPack acquired the assets through a creditor-benefit assignment.
Cruz Foam developed bio-based materials intended to provide high-performance alternatives to conventional single-use plastics. Although Cruz Foam is winding down its operations, its intellectual property will now become part of TemperPack’s efforts to develop scalable and sustainable packaging technologies.
TemperPack plans to use the acquired IP to support development of cold-chain packaging solutions for life sciences, healthy food, and e-commerce applications. The company is focused on combining materials science, packaging design, and process engineering to replace legacy plastics while maintaining performance requirements for temperature-sensitive shipments.
The acquisition complements TemperPack’s broader work in sustainable packaging. Since its founding in 2015, the company has developed alternatives designed to reduce unnecessary plastic waste while supporting the transportation of food, nutrition products, and medicines.
TemperPack said its products have protected more than 300 million shipments for customers across the life sciences and Food-is-Health markets. The company is also a Certified B Corporation.
KEY QUOTES:
“Cruz Foam is incredibly proud of the breakthrough technologies we created, offering high-performance alternatives to traditional plastics. Although the journey for Cruz Foam has come to an end, we are pleased that the IP has found a home with TemperPack, a company we know well and admire.”
John Felts, Co-Founder And CEO Of Cruz Foam
“Cruz Foam’s innovative approach to developing bio-based alternatives to single-use plastic packaging was a valuable addition to our industry, and we’re sad to see them go. Our goal is to leverage this IP to support our ongoing development of scalable, smart, sustainable, science-based cold chain solutions for life sciences and healthy food across the e-commerce value chain.”
Peter Wells, CEO Of TemperPack
