In a recent investment round, Transcend, a key player in the food service and beverage sectors, has received additional equity from global corporations such as ITOCHU Corporation. This Japanese conglomerate is renowned for its involvement in pulp and paper products, solidifying Transcend’s position in the market.
Employing 290 individuals across three locations, Transcend has made significant strides in developing a ‘first to market’ premium polyethylene-free cup. The company is now focused on expanding its research and development facilities, enhancing production innovation with intellectual property, and attracting high-profile clients to its portfolio.
Acknowledging Transcend’s potential for growth, Councillor Mary Ann Brocklesby, Chair of Cardiff Capital Region, emphasized the importance of supporting local businesses like Transcend to thrive. Lorenzo Angelucci, the CEO of Transcend, expressed gratitude for the substantial investment from IIC, highlighting the company’s commitment to innovation and sustainability in the packaging industry.
Recognizing Transcend’s achievements, PwC Partner Rob Asplin commended the company’s innovative approach to sustainable packaging. As the company continues to forge commercial partnerships and expand its market presence, the focus remains on driving growth and environmental stewardship within the Cardiff Capital Region.
Overall, Transcend’s rapid growth and strategic investments position it as a leader in sustainable packaging, catering to the growing demand for eco-conscious solutions in the food and beverage industry.
