Butterfly Equity Acquires ePac Flexible Packaging

January 16, 2026

Butterfly Equity has completed its acquisition of ePac Holdings, the San Diego–headquartered digitally printed flexible packaging provider, from an investor consortium that included Amcor and Indevco North America; financial terms were not disclosed. The deal establishes ePac as Butterfly’s first platform investment in packaging and keeps incumbent management (including CEO and co‑founder Virag Patel) in place with a significant retained ownership stake as Butterfly backs ePac’s growth across its 14 North American facilities and its proprietary ePacONE technology.

Buyers
Butterfly Equity
Targets
ePac Holdings
Sellers
Amcor, Indevco North America, Investor consortium
Industry
Manufacturing
Location
California, United States
Transaction Type
Buyout

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