Australian Packaging giant Amcor has announced a strategic investment in ePac Flexible Packaging, a leader in the high quality, short run length digital printing segment for flexible packaging.
ePac, which is focused on servicing the needs of small and medium sized consumer goods customers, owns and operates 18 fully operational sites, with 5 more currently underway.
The company serves thousands of customers around the globe and generates annual revenues of approximately $100 million.
Amcor’s CEO Ron Delia said the investment will range between approximately $10 to $15 million, including a minority ownership interest in ePac Holdings and funding for one or more ePac sites.
“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,” Mr Delia continued.
“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.”
Amcor’s Executive Vice President of Strategic Development, Ian Wilson said noted that ePac has been 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,” he added.
“We look forward to working with the ePac team and exploring opportunities to further extend this partnership in the future.”