TemperPack Acquires Cruz Foam's Intellectual Property Portfolio

The portfolio of 23 patents and patent applications expands TemperPack's materials science work in bio-based alternatives to plastic.

RICHMOND, Va.--(BUSINESS WIRE)--TemperPack^® has acquired Cruz Foam's intellectual property portfolio, which includes 23 patents and patent applications in multiple jurisdictions. The purchase was completed through an assignment for the benefit of creditors process.

The portfolio broadens and strengthens TemperPack's leadership in materials science for best-in-class performance, sustainability, and scalability. It also supports the company's mission to solve the toughest packaging challenges with science and sustainability.

“Cruz Foam is incredibly proud of the breakthrough technologies we created, offering high-performance alternatives to traditional plastics. Although the journey for Cruz Foam has come to an end, we are pleased that the IP has found a home with TemperPack, a company we know well and admire,” said John Felts, Co-founder and CEO of Cruz Foam.

“Cruz Foam's innovative approach to developing bio-based alternatives to single-use plastic packaging was a valuable addition to our industry, and we’re sad to see them go,” said Peter Wells, CEO of TemperPack. “Our goal is to leverage this IP to support our ongoing development of scalable, smart, sustainable, science-based cold chain solutions for life sciences and healthy food across the e-commerce value chain.”

TemperPack will use the portfolio to continue enabling consumer access to food, nutrition, and medicine through innovative packaging that delivers best-in-class solutions and positively impacts consumers’ experiences, customers’ businesses, and the planet.

About TemperPack

TemperPack solves the toughest packaging problems with science and sustainability. Since 2015, we've worked to displace legacy plastics with innovative, sustainable alternatives. With expertise in materials science, packaging design, and process engineering, we develop and scale solutions that outperform traditional materials without unnecessary, environmentally harmful waste. Our products have protected more than 300 million shipments for industry leaders across the Life Sciences and Food-is-Health markets. TemperPack is a Certified B Corporation^™.