Ampac Poised for Growth
Cincinnati, OH (October 13, 2010) — Ampac, a global leader in the retail, food, security and medical packaging markets, announces the establishment of a long-term credit facility recently closed with J.P. Morgan Chase and Bank of America. The recent syndication provides significant unused capital to the company and positions Ampac for future organic growth and acquisitions in support of Ampac’s long-standing strategy of relationship-building and partnerships with customers and suppliers.
Over a decade ago, Ampac recognized a future that depended upon global expansion and reach, resulting in the addition of manufacturing centers of excellence on three continents – North America, Europe and Asia with plants in six countries (including U.S., U.K., Germany, China, and Southeast Asia) serving these markets. Establishing itself as a global supplier with relationships that support emerging packaging design concepts and technical advancements, Ampac has enhanced the global spectrum of flexible packaging. With roots back to the company’s founding in 1966, Ampac has had inherent growth through company leadership that has developed Ampac as a global change agent and thought leader in flexible packaging.
“The new incremental credit capacity provides an exciting opportunity for Ampac to continue on our path of building a strong global presence founded on innovation and manufacturing excellence,” says Jon Dill, Ampac CFO. “The credit facility gives us a significant opportunity to apply this unused capacity to further strategic acquisitions and to the development of additional product and process advancements.”
Ampac Holdings, LLC is privately held and owned by senior executives together with equity backing by Prudential Capital Group and Falcon Investment Advisors. Ampac is a leader in the retail, food, security and medical packaging markets, whose mission is to design and deliver packaging products and services that build business for the customer. Comprised of a strong management team with key industry experience, excellent strategic vision and strong operational and financial expertise, Ampac is committed to maximizing core strengths to grow overall global presence and highly valued customer relationships.
Ampac drives packaging transformation and performance by creating packages that are more innovative, progressive and dynamic than those used by competitive brands. Ampac’s comprehensive approach to packaging is a balance of rigorous, technology-driven thinking and exceptional creativity. It is a diversified global packaging company with 14 manufacturing centers in North America, Europe and Asia. For more information, visit Ampac’s website at: www.ampaconline.com.