Jul. 30, 2004
Ampac Announces Partnership Agreement With Kapak
Cincinnati, Ohio-Ampac Packaging, LLC (Ampac) announces a financial partnership agreement with Kapak Corp., Minneapolis, MN.
Under the terms of the agreement, Kapak will continue to operate independently, with Gary Bell, longtime president, continuing in his leadership position. Armed with a new influx of capital from Ampac, Kapak will now be able to take its accomplishments in the flexible pouch sector to an even higher level.
"This is an extremely exciting opportunity for all of us at Ampac. We are looking forward to leveraging our film structure expertise by partnering with the industry leader in stand-up pouch design-the fastest growing segment of the packaging industry," says George Thomas, director of business development, Ampac.
"Gary Bellīs passion for this industry is well known. Long regarded as a pioneer in flexible pouch innovation, Bellīs vision over the past two decades has propelled Kapak into the market leader position. We look forward to working closely with Gary and his team. The synergy created by our two companies will deliver solutions that help our customers become more competitive in the markets they serve," Thomas says.
"We are extremely pleased that Ampac has committed its resources to this partnership. Their solid business track record and experience in related markets make them the ideal partner for Kapak," Gary Bell says.
Ampac is privately-held, and is owned by management together with equity backing by Key Principal Partners and Pouschine Cook Capital Management. It is a diversified flexible packaging company with five operating sites in North America and Asia employing approximately 600 people globally. Ampac is the preeminent supplier of retail specialty plastic and paper shopping bags and custom blended consumer packaging films.
Ampac also produces a line of film structures for food packaging ranging from simple monolayers to complex nine-layer coextruded barrier films. Manufacturing capabilities include blown film extrusion, graphic art production and plate making, customized ink blending, flexographic printing up to eight colors (four-color process) and converting finished product. For more information, visit Ampacīs website at: www.ampaconline.com.
Kapak, founded in 1961, employs 92 people and is a leading converter of flexible packaging materials. Kapak specializes in a variety of preformed pouches and rollstock. Its expertise includes a wide variety of flexible packaging structures, custom shapes, spout fitments, resealing options and state-of-the-art rotogravure graphics.
The company specializes in both solid and liquid product applications in a variety of markets, including: food, beverage, coffee, medical, industrial, pet food, health and beauty aids, agricultural and chemical. For more information, visit Kapakīs website at: www.kapak.com.
Media Contacts:
George Thomas
Ampac Packaging
513.671.1777
gthomas@ampaconline.com
Sophia Dilberakis
SD Communications
312.787.5800
sophiad@att.net
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