Amcor has announced an investment in ePac Flexible Packaging, a provider of custom flexible packaging solutions.
Headquartered in Texas, US, ePac uses digital print technology 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 investment will be in the region of $10-15 million and will include funding for one or more ePac sites. The deal will see Amcor take a minority ownership interest in ePac Holdings.
Amcor 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 ePac is the first corporate venture-type investment for Amcor and provides a great opportunity to learn from a high-growth start-up.”
Serving thousands of customers around the globe, ePac has 18 fully operational sites and five more in development.
Amcor’s executive vice president of strategic development, Ian Wilson, added: “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 ePac team and exploring opportunities to further extend this partnership in the future.”
Last year, Amcor launched what it claimed was the first recyclable vacuum shrink bag for fresh and processed meat, poultry and cheese.
By Antonia Garrett Peel
Source: foodbev.com
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