CraftPac uses digital label printing technology for the development of shrink sleeve labels

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Wildpack has completed the acquisition of CraftPac. (Credit: Gerd Altmann from Pixabay)

Wildpack Beverage has completed the purchase of all issued and outstanding securities of US-based CraftPac in exchange for a value of $2.15m.

Situated in Marietta, Georgia, CraftPac is a locally-owned business that uses digital label printing technology for the production of shrink sleeve labels.

The company’s labels can accommodate smaller orders of breweries and efficiently branding craft cans suitable for seasonal and promotional beers.

Wildpack has framed an integration and utilisation step-up plan, which consists of completing the various milestones by the end of this year.

The plan includes the addition of a second shift and subsequently a third shift to the Georgia facility as well as absorbing the Georgia Facility’s pre-existing back office and supply chain into Wildpack’s ecosystem and leasing adjacent warehouse space.

Wildpack stated that Georgia Facility’s location fits into the company’s strategic business plan of developing a network of manufacturing locations across the US to better serve middle-market beverage brands.

Wildpack Beverage chief growth officer Thomas Walker said: “We have further calibrated our acquisition playbook with this purchase and gained valuable experience that we will carry through the continued execution of our strategic business plan.

“Our first acquisition in June of last year took nine months from start to finish, while this one took 60-days.

“We are progressing on additional acquisitions and have already begun turning a portion of our team’s efforts to progressing opportunities for anticipated acquisitions in 2022 through our pipeline.”

Wildpack, which is involved in beverage manufacturing and packaging, offers can filling and decorating services to brands across the US.

At present, Wildpack operates indirectly via its wholly-owned subsidiaries and out of facilities in Baltimore, Maryland, Sacramento, California and Las Vegas, Nevada.