ZURICH, April 19, 2021 /PRNewswire/ -- Amcor (NYSE: AMCR)
(ASX: AMC), a global leader in consumer packaging, is pleased to
announce a strategic investment in ePac Flexible Packaging, a
leader in the high quality, short run length digital printing
segment for flexible packaging. The investment will range between
approximately $10 to $15 million, including a minority ownership
interest in ePac Holdings LLC and funding for one or more ePac
sites.
Amcor's CEO Ron Delia said, "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. 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."
ePac has a fast-growing international footprint and is focused
on servicing the needs of small and medium sized consumer goods
customers through a unique, digitally enabled and scalable business
model. With 18 sites fully operational, and 5 more currently
underway, ePac serves thousands of customers around the globe and
generates annual revenues of approximately $100 million.
Amcor's Executive Vice President of Strategic Development,
Ian Wilson said, "ePac is a truly entrepreneurial
technology driven company and has proven its ability to rapidly
scale up a flexible packaging business, 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. We look forward to working with the ePac
team and exploring opportunities to further extend this partnership
in the future."
About ePac
ePac's founders began with a mission to provide locally-based
consumer packaged goods companies the ability to compete with large
brands with great packaging. ePac's customers are predominantly
locally-based small and medium size consumer goods companies, many
of whom are focused on creating natural and innovative products for
consumers. ePac's customers benefit from speed to market, the
ability to order to demand, and the latest in connected packaging
technology through ePacConnect. Each ePac location provides
digital printing, prepress, lamination, pouch making, and sales to
the markets they serve.
Investors:
|
|
|
Tracey
Whitehead
|
Damien
Bird
|
|
Global Head of
Investor Relations
|
Vice President
Investor Relations
|
|
Amcor
|
Amcor
|
|
+61 3 9226 9028/+1
224 478 5790
|
+61 3 9226
9070
|
|
tracey.whitehead@amcor.com
|
damien.bird@amcor.com
|
|
|
|
|
Media –
Europe
|
Media –
Australia
|
Media – North
America
|
Ernesto
Duran
|
James
Strong
|
Daniel
Yunger
|
Head of Global
Communications
|
|
|
Amcor
|
Citadel-MAGNUS
|
KekstCNC
|
+41 78 698 69
40
|
+61 448 881
174
|
+1 212 521
4879
|
ernesto.duran@amcor.com
|
jstrong@citadelmagnus.com
|
daniel.yunger@kekstcnc.com
|
About Amcor
Amcor is a global leader in developing and producing responsible
packaging for food, beverage, pharmaceutical, medical, home and
personal-care, and other products. Amcor works with leading
companies around the world to protect their products and the people
who rely on them, differentiate brands, and improve supply chains
through a range of flexible and rigid packaging, specialty cartons,
closures, and services. The company is focused on making packaging
that uses less materials, is increasingly recyclable and reusable,
and is made with more recycled content. Around 47,000 Amcor people
generate $12.5 billion in annual
sales from operations that span about 230 locations in 40-plus
countries. NYSE: AMCR; ASX: AMC
www.amcor.com I LinkedIn I
Facebook I Twitter I YouTube
View original
content:http://www.prnewswire.com/news-releases/amcor-announces-strategic-investment-in-epac-flexible-packaging-301271943.html
SOURCE Amcor