Ampac Packaging announces formation of Ampac Flexibles unit |
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AMPAC
12025 Tricon Road
Cincinnati, OH, 45246
USA
Press release date: August 11, 2005
Cincinnati, OH (August 11, 2005) -Ampac Packaging, LLC, a diversified flexible packaging company, announces the formation of Ampac Flexibles. This combines the recently acquired Kapak Corp. (Minneapolis) and Flexicon, Inc. (Chicago) along with Ampac's existing Performance Films group (Cincinnati). Going forward, both Kapak and Flexicon will operate under Ampac Flexibles - Converted Products and the company's existing Performance Films group will operate as Ampac Flexibles - Performance Films. "We are pleased to announce the formation of Ampac Flexibles. By assembling all of these product lines under one business unit, we are bringing our customers more flexible packaging solutions than ever before. Ampac Flexibles is known for its innovation-its ability to create, design and manufacture new packaging concepts to meet customers' objectives," says John Baumann, chief executive officer, Ampac Packaging. Ampac Flexibles is headed by George Thomas, vice president of business development, Ampac Packaging LLC. "In addition to the value derived from the synergy of the three business units, we now have the platform for further growth. In the months to come, we will pursue other strategic acquisition opportunities that will enhance our ability to deliver even more value to our customers," says Thomas.
MORE Ampac Flexibles Page 2
Ampac Flexibles-Converted Products is the leading manufacturer and innovator in stand-up pouches, high-end performance flexible packaging materials and rollstock for the food, beverage, medical, pharmaceutical, agricultural and chemical, industrial, health and beauty aids markets. It is also known for its technologically advanced, custom-engineered structures, including adhesive laminations, Flexi-Free(TM) solventless laminations and heat-seal coated rollstock. Production expertise includes graphic art and plate making, customized ink blending, up to 10-color flexographic and rotogravure printing, and the capability of adding a wide variety of unique features (such as closures, fitments, spouts, etc.) to help customers achieve a competitive advantage. Additionally, Ampac Flexibles-Performance Films provides more than 200 custom and proprietary film blends designed to meet its customers' specialty film packaging requirements. Capabilities include monolayer and multilayer (up to nine-layer) coextruded films. This includes Ampac's combined effort with The Dow Chemical Company to develop and produce multilayer, high-barrier coextruded films containing Saran® resins for a variety of moisture-sensitive applications. Ampac Packaging LLC is privately held, and is owned by senior executives together with equity backing by Key Principal Partners and Pouschine Cook Capital Management. It is a diversified, international, flexible packaging company with nine operating sites in North America and Asia employing approximately 850 people with revenues in excess of $200 million annually. In addition to products offered by Ampac Flexibles, the company is the preeminent supplier of domestic and overseas retail specialty shopping bags, and disposable, tamper evident, security bags. For more information, visit Ampac's website at: www.ampaconline.com
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