Global packaging major Amcor has announced a strategic investment in US-based ePac flexible packaging, a short-run digital printing company for flexible packaging. The acquisition will range between approximately $10 to $15 million, including a minority ownership interest in ePac Holdings LLC and funding for one or more ePac sites.
Amcor’s CEO Ron Delia said, “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. Our investment in this company is the first corporate venture-type investment for Amcor and provides a great opportunity to learn from a high growth start-up.”
This digital printing company is focused on servicing the needs of small and medium-sized consumer goods customers through a unique, digitally enabled, and scalable business model. With 18 sites fully operational and five more currently underway, the company serves thousands of customers around the globe and generates annual revenues of approximately $100 million.
Wilson commenting on the partnership with ePac
Amcor’s executive vice president of strategic development, Ian Wilson, said “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. 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 team and exploring opportunities to extend this partnership in the future.”