Athens, Greece, July 29, 2022. SouthBridge Europe Mezzanine II SICAR announces investment in Matrix Pack

Matrix Pack (https://www.matrixpack.gr) was founded in 2009 in Greece and is one of the largest European producers of drinking straws and other disposable products. The company operates state-of-the-art production facilities in Greece and Bulgaria and a sales network covering more than 50 countries worldwide. Exports account for c. 75% of 2021 revenue. Matrix Pack’s core product category is paper drinking straws, a new, innovative and sustainable solution that has become the dominant alternative to plastic straws due to either legislative or consumer trend changes. Having entered the paper drinking straw market at its infant stage, Matrix Pack strategically chose to invest in R&D of production processes and is now one of the pioneers on a global scale in terms of know-how in paper straw manufacturing.

SouthBridge Europe Mezzanine II SICAR (www.southbridgeadvisors.com) is an investment fund backed by the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD) and the Hellenic Development Bank of Investments (HDBI).