Amcor Increases Strategic Investment in ePac Flexible Packaging
Amcor announced a further strategic investment of up to $45 million in ePac Flexible Packaging (“ePac”), a leader in high quality, short run length digitally-based flexible packaging. The investment will increase Amcor’s minority shareholding in ePac Holdings LLC. Amcor’s Executive Vice President of Strategy and Development, 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 centered around deploying a very high level of digitalization and customization. ePac’s proven digital technologies enable the delivery of exceptional service levels and significantly reduced lead times. These specializations 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.