According to Amcor, the new investment is based on the firm’s belief in ePac's digitally enabled business strategy, which has prospects to increase Amcor's targeted markets
Responsible packaging solutions developer Amcor has completed a further strategic investment of up to $45m in ePac Flexible Packaging.
The deal will increase Amcor’s minority shareholding in ePac Holdings.
According to Amcor, the new investment is based on the firm’s belief in ePac’s digitally enabled business strategy, which has prospects to increase Amcor’s targeted markets.
Amcor strategy and development executive vice president 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.
“Since our initial investment last year, we have been deeply impressed with ePac’s focused and innovative business model centred around deploying a very high level of digitalisation and customisation.”
Wilson added: “ePac’s proven digital technologies enable the delivery of exceptional service levels and significantly reduced lead times.
“These specialisations are designed to meet the unique speed to market and service needs of locally based small to medium customers, skill sets that are highly transferable to areas of Amcor’s core business.”
Established in 2016, ePac provides high-quality, short-run length digitally-based flexible packaging through its rapidly expanding worldwide network.
The firm focuses on digital printing technology to meet the requirements of small clients in the consumer products sector.
Over the previous three years, annual income has increased by more than 600%, reaching a run rate of over $200m.
ePac has 25 facilities internationally, each with a consistent setup in addition to automated quotation, and digital printing capabilities across a variety of product requirements.