Grupo San Cayetano and JZ International have created Oneworld Packaging, a joint venture that will manufacture biodegradable containers.

Oneworld Packaging’s biodegradable containers disappear in weeks, according to the company. The containers can be used as an alternative to plastic containers. The joint venture was announced April 16.

Grupo San Cayetano, based in Spain, makes containers and packaging, mainly for the food industry.

JZ International is a private industrialist holding company that invests in small and medium-sized European companies with funds from Jay Jordan and David Zalaznick, founders of the New York private equity firm the Jordan Co. Since 2002, JZI has completed more than 35 transactions in Europe. The fund focuses primarily on family owned business with an Ebitda between $3 million and $20 million

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