HP Inc. (NYSE: HPQ) today announced that ePac Flexible Packaging, the all-HP Indigo digital flexible packaging leader, is purchasing 20 HP Indigo 20000 digital presses to expand its business strategically throughout the US.
The largest deal to date for the HP Graphics packaging business, the new ePac order is estimated to be worth over $100 million, including hardware, supplies and services.
“ePac’s rapid success using HP Indigo is proof positive that the market is ripe for digital transformation,” said Enrique Lores, President, Imaging, Printing and Solutions, HP Inc. “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.”
ePac is currently enjoying triple-digit growth by delivering high-quality packaging with fast turnaround to benefit brands, especially its main customer base of SMBs. 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.
Four ePac 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.
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 and true high definition quality graphics. ePac is a full service converter, offering a range of end-to-end solutions including HP Indigo Pack Ready Lamination, eBeam curing, and pouch-making lines.
“ePac’s collaboration with HP Indigo is a huge success and we believe this can easily turn into a billion dollar business,” said Jack Knott, CEO, ePac Flexible Packaging, at Pack Expo 2018 in Chicago, where the deal with HP was signed on Tuesday. “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.”
more at: https://globenewswire.com/news-release/2018/10/17/1622668/0/en/HP-and-ePac-announce-record-rollout-of-20-HP-Indigo-digital-presses-to-transform-flexible-packaging-market.html