Zume Inc., the California based food production company which owns Zume Pizza, the automated pizza delivery platform has confirmed acquiring compostable packaging maker Pivot Packaging for an undisclosed sum. With the deal, the firm also announced opening a 70,000 sq ft manufacturing plant in Southern California where it will create the packaging. With the acquisition, the 10-employee team of Pivot will join Zume Inc.
Notably, Zume claims to be working with Pivot from 2016 as it brought compostable pizza box made from the fibers of discarded sugar cane in the delivery business. With this deal, Zume now will be offering additional containers, including bowls, plates cups, trays, and cutlery.
Alex Garden, the co-founder, and CEO of the firm commenting on the deal through a press release said, “Food delivery is upending the food system as we know it, and we believe that the powerful consumer demand signals it generates can be a force creating a more sustainable world. Food packaging is a huge part of this equation because it not only provides critical consumption data but it also provides useful information from the farm where its materials are sourced to the final disposal.”
Garden had co-founded the firm along with Julia Collins in 2015. The firm has secured close to $425 million funding ever since its inception. The backers of the firm include Japanese conglomerate SoftBank, SignalFire, Vijay Chattha AME Cloud Ventures, Kortschak Investments L.P., FJ Labs, SGH Capital, Fabrice Grinda, and others.
It will be interesting to see how things shape up for Zume Inc post the deal.
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