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Press Release
Nestlé invests USD 30 million in Closed Loop Leadership Fund

This first investment from the company's sustainable packaging venture fund will help upgrade U.S. recycling infrastructure and secure access to food-grade recycled plastics

Nestlé today announced a USD 30 million investment in the Closed Loop Leadership Fund, the private equity fund of circular economy investment firm Closed Loop Partners to lead the shift from virgin plastics to the use of food-grade recycled plastics in the U.S. This investment is the first to utilize Nestlé's packaging venture fund established earlier this year, which is part of the company's overall investment of up to CHF 2 billion to accelerate the development of innovative sustainable packaging solutions.

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