Xolution GmbH, a Munich, Germany-based resealable beverage can end company, closed a €45M equity investment round.
Inventure Management Pte. Ltd., made the investment.
The company intends to use the funds to increase its production capacity to over 1 billion can-ends annually.
Founded in 2003 and led by Marc von Rettberg, Chief Executive Officer, Xolution provides the XO resealable can, a reclosable beverage container solution. Available for beverage cans ranging from 200ml to 1 litre, XO equipped beverage cans have lids with an integrated plastic opening mechanism that enables the can to be resealed and portioned for later consumption. A tamper-proof seal covers and secures the opening strap and breaks when initially opened. The system is suitable for a wide variety of beverages and can be used in existing filling lines without major modifications or capital investment.
In order to expand adoption globally, the company has partnered with suppliers such as ALPLA, HEKUMA, and Z-MOLDS, to design and roll-out over 1 billion lids annually.