Canada, PAKITT Receives $5M Financing by Fairfax
PAKIT Inc., a clean technology company that has developed a patented, industry-changing disruptive technology, completed a $5m financing with Fairfax Financial Holdings Limited.
The investment will enable the Vancouver, Canada-based company to expand its production capacity to meet equipment orders in the pipeline.
Commenting on the financing, Brian Birmingham, PAKIT’s President and CEO, said: “The agreement with Fairfax strengthens our ability to accelerate PAKIT’s emergence as the dominant global provider of sustainable technology for producing renewable, compostable and recyclable consumer product packaging”.
PAKIT, conducts its research and development activities in Norrkoping, Sweden.