ePac Flexible Packaging has signed a deal to purchase 20 more HP Indigo 20000 digital presses as it moves to roll out its digital-only business model strategically across the US.
This is the largest deal to date for the HP Graphics packaging business. It is estimated to be worth over US$100 million, including hardware, supplies and services.
Founded in May 2016 as a Greenfield business, ePac Flexible Packaging is the first North American all-digital, all Indigo full service, printer/converter providing economical short and medium run length jobs, to brands of all sizes, with rapid time to market. ePac is a full service converter, offering a range of end-to-end technologies, including HP Indigo Pack Ready Lamination, electron beam curing and pouch making.
ePac is currently experiencing triple-digit growth, with strong demand reported from many market segments, including the rapidly growing natural/organic food and sports nutrition markets. Four sites are currently operating eight HP Indigo 20000 presses. This third wave of presses will bring the installed base to 28 units to support increasing customer demand and serve new locations, including the recently announced Boston and Austin sites, joining Madison, Chicago, Miami, and Boulder.
The 20 new HP Indigo 20000 presses are scheduled to be installed at sites throughout the US by 2020 as it expands its business model to 15 locations.
Jack Knott, ePac Flexible Packaging CEO, said: ‘ePac’s collaboration with HP Indigo is a huge success and we believe this can easily turn into a billion dollar business. Thanks to HP Indigo digital printing and our unique business model, our customers are benefitting from an improved experience, including completing orders within 10 business days – compared with six to 12 weeks for conventional printing – as well as reduced environmental impact and on-demand customization.’
Enrique Lores, president, imaging, printing and solutions, HP Inc, said: ‘ePac’s rapid success using HP Indigo is proof positive that the market is ripe for digital transformation. In two years, ePac has become a force in digital flexible packaging with HP Indigo at the center of its visionary business model. We look forward to building on this momentum as more companies like ePac unleash the versatility and power of HP digital print.’
Read more about the growth of ePac Flexible Packaging in issue 2, 2018 and here