Unprecedented Global Growth in Flexible Packaging Drives Significant Expansion of ePac and HP Indigo Fleet
August 31 2020 - 8:00AM
HP Inc. (NYSE: HPQ) and ePac, the digital flexible packaging
leader, today announced a new stage in their market acceleration
for flexible packaging with a further rollout of 26 additional HP
Indigo digital presses. ePac will be the first converter in the
world to install the new HP Indigo 25K Digital Press, as it expands
the transformation of the global flexible packaging market into
additional locations in North America, Europe and Asia Pacific.
“ePac is completely changing the way small and medium size
businesses around the world can access new markets and level the
playing field with fast, top quality flexible packaging,” said Jack
Knott, CEO, ePac Flexible Packaging. “The ability for rapid
growth through proven technology and global support of HP Indigo is
helping us reach yet another milestone in our history and bring
innovation and change to new sites around the world and the
communities they serve.”
The agreement to supply 26 HP Indigo 25K Digital Presses units
will create a 76-press global fleet by 2021. A new ePac site in
Sacramento, California will serve as the first installation of the
new HP Indigo 25K beginning next month.
As a result of ePac’s unparalleled growth trajectory, revenues
are forecast to reach more than $100 million this year. Founded in
May 2016 as a Greenfield business with one HP Indigo 20000 press,
ePac has grown exponentially, today serving thousands of customers.
ePac’s key markets include coffee, pet food, nutritional
supplements, snacks, health and beauty, organic foods, cheese and
dairy, and bakery products.
“The ePac business model is truly disruptive in its new category
creation. Our goal is to innovate with our customers to expand this
category, and potentially others, using top of the line digital
print,” said Haim Levit, general manager, HP Indigo. “We are proud
of our close collaboration with ePac and look forward to leveraging
HP’s global presence to scale up the next stage of their growth,
and see them serve even more brands and communities around the
world.”
The new HP Indigo 25K addresses the on-demand flexible
packaging market, with optimized production efficiency and minimal
environmental impact. Building upon the global success of the HP
Indigo 20000 platform, the Indigo 25K is poised to bring new value
to brands and converters around the world in a fast growing
category.
ePac taps into worldwide market for digital flexible
packaging
The extraordinary success of ePac has been built around the
ability to provide any brand top quality flexible packaging at the
local level, with low minimum order quantities. Together, with
expansion into new locations, ePac will continue to be a disruptive
force with in the flexible packaging market.
Through variable data capabilities to increase shelf appeal and
track and trace technologies, ePac offers added customer engagement
and brand protection, and future capabilities around recyclability.
These innovations are also built on HP Indigo and partner
technologies. Through the power of digital printing, every package
produced by ePac can be serialized with a unique code that allows
it to be tracked from production through reuse to provide supply
chain transparency to all parties in the value chain. ePac has
announced a partnership with RePurpose Technologies (RPT) to create
community-based recycling solutions.
More information on the HP Indigo 25K Digital Press is available
at hp.com/go/Indigo25K.
About HP
HP Inc. (NYSE: HPQ) creates technology that makes life better
for everyone, everywhere. Through our product and service portfolio
of personal systems, printers and 3D printing solutions, we
engineer experiences that amaze. More information about HP Inc. is
available at www.hp.com.
About ePac Flexible Packaging
ePac Flexible Packaging is a full-service provider offering
pre-press, digital printing, laminating, and pouch making services
through its network of global locations. Focused on short and
medium run length jobs for brands of all sizes, ePac dramatically
simplifies the process of buying flexible packaging, while enabling
customers to harness the full power of digital printing. More
information about ePac is available at epacflexibles.com.
Media Contacts: Vanessa Forbes, HPVanessa.forbes@hp.com Nina
Gilbert, HPnina@hp.com
www.hp.com/go/newsroom
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/2038c927-7ecb-4ca2-bdb5-688a31c159e0https://www.globenewswire.com/NewsRoom/AttachmentNg/465360ca-408a-4d89-8809-bb2eb2d6810dhttps://www.globenewswire.com/NewsRoom/AttachmentNg/b7deaa3a-6329-4a49-95b0-358334fce1c6
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