Amcor has announced an investment of up to $45 million in ePac Flexible Packaging, a US packaging company that puts digital printing technologies at the centre of its business model.
The investment will increase Amcor’s minority shareholding in ePac Holdings and follows a capital injection in the region of $10-15 million announced last year.
Headquartered in Texas, US, ePac uses digital printing technologies to produce custom packaging for customers in sectors including dairy, snacks, coffee and confection. The company’s solutions include stand-up pouches, lay-flat pouches and rollstock.
Amcor’s executive vice president of strategy and development, Ian Wilson, said: “This additional investment reflects our confidence in ePac’s entrepreneurial team and their proven ability to rapidly scale in the high-growth, often higher-value short run segment. ePac’s proven digital technologies enable the delivery of exceptional service levels and significantly reduced lead times.”
He continued: “We believe this investment complements Amcor’s existing digital activities and is well aligned with our vision that packaging will continue to become more personalised and more connected, as well as more sustainable”.
“This partnership is an excellent example of our objective to partner with high-growth, visionary companies that provide opportunities for Amcor to leverage new innovations and value propositions while generating strong returns for Amcor shareholders. We are excited to be extending our relationship with a highly successful start-up.”
Founded in 2016, ePac is focused on servicing the short run needs of small customers in the consumer goods industry.
Annual revenue has grown more than 600% over the past three years to a run rate of over $200 million. ePac operates 25 sites globally, all with an identical set-up, offering customers automated quoting and digital printing capabilities across a number of product specifications.
© FoodBev Media Ltd 2022
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