Amcor has made an additional investment of up to $45 million in ePac Flexible Packaging, increasing its minority shareholding in parent organisation ePac Holdings.
Amcor is a global packaging specialist, serving various markets and end uses. ePac is a global converter that has built a global business model using liquid electrophotographic printing technology and complementary converting systems to serve small and medium-sized flexible packaging customers.
Amcor made its initial investment into ePac last year, and at that time, Ian Wilson, executive vice president of strategic development at Amcor, said, ‘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.’
Of the company’s additional investment, Mr 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.
‘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.’
He continued, ‘We believe this investment complements Amcor’s existing digital activities and is well aligned with our vision that packaging will continue to become more personalised and more connected, as well as more sustainable. This partnership is an excellent example of our objective to partner with high growth, visionary companies that provide opportunities for Amcor to leverage new innovations and value propositions while generating strong returns for Amcor shareholders. We are excited to be extending our relationship with a highly successful start-up and continuing to support ePac’s future growth ambitions.’
