Amcor invests in ePac for digital flexibles
Global packaging giant Amcor, has made a strategic investment in ePac Flexible Packaging, the fast growing global digital flexible packaging business, which has installed 76 HP Indigo presses.
The investment is estimated to range between $10-15 million, including a minority ownership interest in ePac Holdings and funding for one or more ePac sites.
“We are incredibly proud of Amcor’s innovation and R&D capabilities, but with our scale and global footprint we are also uniquely positioned to supplement our internal efforts with investments in complementary technologies and business models,” says Ron Delia, Amcor’s CEO.
“Our investment in ePac is the first corporate venture-type investment for Amcor and provides a great opportunity to learn from a high growth start-up.”
ePac has a fast-growing international footprint and is focused on servicing the needs of small- and medium-sized consumer goods customers through a unique, digitally enabled, and scalable business model.
With 16 sites fully operational, and five more currently underway, ePac serves thousands of customers around the globe and generates annual revenues of approximately $100 million.
“ePac is a truly entrepreneurial technology-driven company and has proven its ability to rapidly scale up a flexible packaging business, doubling revenues each year since its formation in 2016,” explains Ian Wilson, executive vice-president of strategic development, Amcor.
”This is an exciting opportunity for both companies to benefit from the combination of innovative technologies and business models, and the deep expertise of the industry leader.
“We look forward to working with the ePac team and exploring opportunities to further extend this partnership in the future.”
ePac’s founders began with a mission to provide locally based consumer packaged goods companies the ability to compete with large brands with great packaging. According to the company, its customers benefit from speed to market, the ability to order to demand, and the latest in connected packaging technology through ePacConnect.
Each ePac location provides digital printing prepress, lamination, pouch making, and sales to the markets they serve.