Amcor announces strategic investment in ePac Flexible Packaging
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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."