Amcor invests in ePac for digital flexibles

ePac focuses on small and medium-sized companies

519
Amcor acquires ePac
Amcor's Amlite unique line of high metal-free barrier packaging

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.”

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia.is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement ads1@ippgroup.in , for editorial info@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here