ePac Invests $100M to Buy 24 HP Indigo 20000 Presses for Digital Flexible Packaging
HP Inc. and ePac, the all-HP Indigo digital flexible packaging leader, today announced a significant expansion with HP Indigo. ePac will roll out a new wave of HP Indigo 20000 digital presses in 2020 to continue disruption of the global flexible packaging market with new opportunities for small- and medium-size businesses (SMBs), as well as larger consumer packaged goods companies (CPGs).
A new incremental order of 24 HP Indigo 20000 presses is the largest packaging deal to date for HP. This nearly doubles production capacity for ePac, to expand within the next year from 28 presses in 12 locations to over 52 operating at 20 sites – including new locations opened in Canada and the U.K. The investment is valued at over $100 million, including hardware, supplies and services over several years.
“In every market we enter, we experience a similar reception. SMBs partner with us to help them grow into bigger brands, and as they grow, they see opportunities to rapidly bring new products to market and run more targeted promotions. Based on our success, we’ve decided to accelerate our business plan with an additional investment,” said Jack Knott, CEO, ePac Flexible Packaging. “We have figured out how to drive the digital transformation within the flexible packaging market for short, medium and even longer strategic runs with this game-changing technology provided by HP Indigo.”
ePac taps into growing market for digital flexible packaging
Founded in May 2016 as a Greenfield business with one HP Indigo 20000 press, ePac has grown exponentially. A year ago, the company signed for 20 additional presses that are now all deployed in the field. Since the beginning of 2019, it has more than doubled its customer base, with 75 percent placing repeat orders. Today, ePac serves over 5,000 customers.
“The meteoric rise of ePac and its business model based on HP Indigo digital printing technology in just a few years is truly amazing,” said Santi Morera, general manager and global head of Graphics Solutions Business, HP Inc. “Thanks to the continued collaboration between HP and ePac, brands of all sizes can obtain high-quality, digitally printed flexible packaging in quick turnaround times, with low minimum orders, high variation and personalization options.”
”Our customers love the advantages of working with an eco-conscious, community-based packaging partner and the financial impact of fast time to market with the ability to order to demand,” added Carl Joachim, ePac CMO.
Additional advantages of the 30-inch wide (76 cm) HP Indigo 20000 Digital Press are the 42-inch repeat and white ink options. At ePac, HP PrintOS is also an integral part of job flow, performing press performance uptime monitoring across their entire fleet of printers.
ePac customers taking advantage of the unique and powerful capabilities of HP digital to reinvent their businesses include:
- Sock Fancy, a worldwide sock subscription service delivering monthly to customers. “The big reason we switched to ePac was personalization. Nobody else could do this type of high-level customization. With other companies you have to order tens of thousands of one SKU,” said Stefan Lewinger, founder and CEO.
- Granarly, a granola snack company. “Since we received the ePac bags, we’ve grown tenfold, and it’s all because of the packaging,” said Morgan Potts, founder.
- Smackin' Snacks, a company producing sunflower seeds for sporting events. “The low minimum quantity and fast lead time are great for a small company and allows us to have multiple SKUs in a single order,” says Cole Schaefer, founder.
- Skratch Labs, a nutrition sports drink company. “ePac technology and digital printing enables us to order short runs of unique limited-edition packaging with HP Mosaic software, which gives us an edge over the competition,” says Elliot Freeman, vice president of marketing.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Printing Impressions.