NEWS Private equity firm acquires ePac


US-based ePac Flexible Packaging, a producer of digitally printed flexible packaging, has been acquired by private equity firm Butterfly Equity. Butterfly has bought ePac from its investor consortium, which includes Amcor and Indevco North America. “Over the past decade, we have


redefined the packaging model by putting the most advanced technology in the hands of the world’s most innovative brands,” said Virag Patel, CEO of ePac. The existing leadership team, led


Patel, will continue to operate ePac and has retained a significant share in the business. Founded in 2016, ePac specialises


in flexible packaging for fast-growing consumer-packaged goods (CPG) customers using its ePacOne technology platform. It operates 14 facilities across the US and Canada – and is making “significant upgrades” at four European facilities. At its Lyon site in France, it has


expanded the manufacturing footprint, added a new warehouse and installed an HP Indigo 200K digital press and Totani pouch converting line. In Austria, it is scaling up its Innsbruck plant to accelerate digital print output and pouch production. Planned investments include an HP Indigo 200K digital press and multiple Totani pouch


Soteria Flexibles expands with acquisition of Canada’s Imaflex


US flexpack specialist Soteria Flexibles is to acquire Imaflex, a Canada- based manufacturer of films and flexible packaging. Soteria will acquire all


Imaflex share for around C$123 million. On comple- tion of the deal, Imaflex will become a privately held company. The acquisition is


expected to close in the first quarter of 2026, subject to customary closing condi- tions including applicable


regulatory and shareholder approvals. “This transaction is a


natural fit for us,” said Brad Herbolsheimer, CEO of Soteria. “Imaflex brings deep technical expertise, strong customer relationships, and a capable team that aligns closely with our culture.” Imaflex produces polyethylene films and packaging for markets including industrial, agriculture and food and has manufacturing in both


Canada and the US. Herbolsheimer added


that the combination expands the company’s North American footprint and adds to the speed, reliability and technical quality of its offering. Stephan Yazedjian,


president and CEO of Imaflex, added: “In a highly fragmented industry, this transaction represents a natural consolidation.” � www.soteriaflexibles.com � www.imaflex.com


converting lines. In the UK, ePac’s Silverstone


operation is expanding its converting output by adding a new Totani pouch line. Increased headcount will also support higher throughput. And in Poland, it is adding lamination and converting capabilities to support customers in Central and Eastern Europe. John Peat, group vice president of


operations at ePac, said: “By expanding operations and deploying the latest digital technologies, we’re ensuring our sites across Europe continue to operate with speed, efficiency and reliability.” � https://epacflexibles.com


Tekni shuts a US plant


US-based medical and packaging company Tekni-Plex is to close its facility in Milwaukee. The move will affect 39


workers according to a report in the Milwaukee Journal Sentinel. Tekni-Plex plans to close the facility on 30 April and employees will begin leaving on 27 March, said the report. � www.tekni-plex.com


Cosmo and Filmax form JV for film sales


Cosmo First of India has entered a joint venture with South Korea’s Filmax. The jointly owned company will


introduce and scale multiple business verticals of Cosmo First into South Korean while taking Filmax products into the global market via Cosmo. “By joining hands with Filmax, we


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merge global innovation with South Korean excellence,” said Ashok Jaipuria, chairman of Cosmo First. Cosmo’s interests include a films division (offering BOPP, CPP and polyester film) and its Plastech division (thin wall containers and sheets). Filmax is a flexible packaging


FILM & SHEET EXTRUSION | January/February 2026


manufacturer that offers products including BOPP, CPP and stretch film. Byung Ik Woo, chairman of Filmax,


added: “This partnership is a major step towards taking our expertise to the global stage.” � www.cosmofirst.com � www.filmax.co.kr


www.filmandsheet.com


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