Amcor recently announced a further strategic investment of up to $45 million in ePac Flexible Packaging, a producer of short-run length digitally based flexible packaging.
The investment will increase Amcor’s minority shareholding in ePac Holdings LLC.
“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,” Ian Wilson, Amcor’s executive vice president of strategy and development, says in a prepared statement. “Since our initial investment last year, we have been deeply impressed with ePac’s focused and innovative business model centered around deploying a very high level of digitalization and customization.”
The investment complements Amcor’s existing digital activities and is aligned with the company’s vision that packaging will continue to become more personalized and more connected as well as more sustainable, Wilson also says.
Founded in 2016, ePac’s global footprint is focused on digital printing technologies to service the short-run needs of small-sized and medium-sized customers in the consumer goods industry, according to a news release. ePac operates 25 sites globally, all with an identical setup. ePac’s founders began with a mission to provide locally based consumer packaged goods companies with the ability to compete with large brands.
Amcor produces packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other products. The company says it is focused on making packaging that is increasingly lighter weight, recyclable, and reusable, and made using an increasing amount of recycled content. In fiscal year 2022, 44,000 Amcor people generated $15 billion in annual sales from operations that span 220 locations in 43 countries.