Hamburg, May 5, 2020 – Beiersdorf has acquired an equity stake in UK-based Salford Valve Company Ltd. (Salvalco), an engineering company developing innovative aerosol valves for use with ecologically sustainable propellants.
This investment by recently established OSCAR&PAUL Beiersdorf Venture Capital further underlines the company’s ambition in driving disruptive initiatives and innovations under its C.A.R.E.+ strategy and new sustainability agenda. The partnership will strengthen Beiersdorf’s footprint in sustainable packaging solutions. It also supports Salvalco’s
further research and the commercialization of the patented Eco-Valve
technology, aiming to jointly bolster its global outreach.
Founded in 2013, Salvalco develops innovative aerosol valve systems, called Eco-Valve, based on prior research by the Spray Research Group at Salford
University. The Eco-Valve technology allows eco-friendly, inert gases
such as nitrogen or simple fresh air to be used as propellants in
aerosol sprays, thus providing a more sustainable alternative to
conventional aerosol propellants. Salvalco offers a family of different valve designs for a wide range of aerosol product solutions and applications.
“Our partnership with Salvalco
provides significant potential to foster more eco-friendly aerosol
innovations – across the global aerosol category as well as within the
Beiersdorf portfolio,” said Michael Becker, Head of Global Packaging
Research and Development at Beiersdorf.
Ascan Voswinckel, Head of OSCAR&PAUL Beiersdorf Venture Capital, added: “Salvalco
is an exciting investment and fits with our recently extended corporate
sustainability ambitions for a carbon positive future. In these very
challenging times, we are particularly committed to investing in
visionary and innovative companies. We are looking forward to supporting
Salvalco in its progress and applying Beiersdorf’s industry expertise in order to make a positive impact.”
Paul Martin, Chairman of Salvalco, said: “We are thrilled to have Beiersdorf on board. We believe that by collaborating with this high-profile consumer goods expert,
we will significantly expand the potential of our Eco-Valve technology
and accelerate our impact within the aerosol supply chain – for the
benefit of the environment, consumers, and the industry. The partnership
is also a great demonstration of a shared commitment to supporting the
environment.”