Ault Alliance Subsidiary Acquires 80% Stake in Eco Pack Technologies LTD
September 26, 2023
Ault Alliance, through its wholly owned subsidiary Eco Pack Technologies, Inc., has agreed to acquire an 80% majority stake in Eco Pack Technologies LTD, a Huddersfield-based developer of sustainable secondary packaging machinery for FMCG manufacturers. Ault Alliance said it intends to rapidly scale Eco Pack's low-carbon packaging technology across the U.S., the U.K., Europe and Asia; the transaction remains subject to customary closing conditions and regulatory approval.
- Buyers
- Ault Alliance, Inc., Eco Pack Technologies, Inc.
- Targets
- Eco Pack Technologies LTD
- Industry
- Manufacturing
- Location
- West Yorkshire, United Kingdom
- Transaction Type
- Buyout
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