McWin Unveils Strategic Alliance with ElephantSkin to Transform Plastic Gloves in Food Industry
Deal News | Jan 07, 2025 | McWin Capital Partners
The strategic partnership between McWin Capital Partners, a private equity and venture capital firm, and ElephantSkin, a manufacturer of sustainable gloves, aims to revolutionize the plastic gloves market within the food industry. ElephantSkin's antimicrobial, reusable gloves are designed to significantly reduce plastic waste, environmental impact, and operational costs. This alliance facilitates introductions to restaurant operators affiliated with McWin in exchange for an equity stake in ElephantSkin, underscoring McWin's commitment to sustainability. With a current disposable gloves market valued at $10 billion, expected to exceed $30 billion in a decade, this initiative could potentially disrupt the market by promoting reusable alternatives. ElephantSkin already partners with top brands such as Marriott and Dominos, and the collaboration with McWin signals a new era in sustainable practices within the food and hospitality sector.
Sectors
- Private Equity
- Food & Beverage
- Sustainable Products
Geography
- United Kingdom – McWin Capital Partners is represented by McWin Advisers UK Limited in the UK, indicating a geographical focus on the UK for financial operations.
- Austria – ElephantSkin (Susta Sustainable Merchandise Handels GmbH) is based in Austria, which is the origin of their innovative product solutions.
- Global – Given the aim to replace disposable plastic gloves worldwide and existing global brand collaborations, this partnership has a global reach.
Industry
- Private Equity – The involvement of McWin Capital Partners, a private equity and venture capital firm, highlights the role of investment in driving sustainability in the food industry.
- Food & Beverage – The partnership focuses on revolutionizing sustainability within the food and beverage sector, particularly by reducing the use of disposable gloves in restaurants and hospitality.
- Sustainable Products – ElephantSkin focuses on the development of sustainable, reusable gloves, emphasizing the importance of sustainable products in reducing environmental waste.
Financials
- $10 billion – Current market size for disposable gloves, projected to grow to $30 billion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| McWin Capital Partners | Investor | Company | A specialist private equity and venture capital firm focused on the food ecosystem. |
| ElephantSkin | Target Company | Company | A company producing sustainable, reusable antimicrobial gloves. |
| Popeyes, Subway, Burger King | Potential Clients | Companies | Leading brands to whom McWin has facilitated product introductions for ElephantSkin. |
| Domino's Pizza, Marriott Hotel Group | Existing Clients | Companies | Hospitality sector leaders already utilizing ElephantSkin's gloves. |
| Raphael Reifeltshammer | Founder of ElephantSkin | Person | Entrepreneur and co-founder of ElephantSkin, leading the development of the reusable gloves. |
| Vision One | Associated Company | Company | Company founded by Raphael Reifeltshammer involved in development. |