ePac Holdings Acquired by Butterfly Equity — Manufacturing M&A

Butterfly Equity, a Los Angeles-based private equity firm focused on food end markets, has completed its acquisition of ePac Holdings, a digitally printed flexible packaging producer. The transaction is described as a platform investment into packaging and follows ePac’s ownership by an investor consortium that included Amcor and Indevco North America. ePac was founded in 2016 and is headquartered in San Diego, California, with additional sites globally. Deal terms and purchase price were not disclosed, and ePac’s incumbent leadership team, led by CEO and co-founder Virag Patel, will continue to run the business with retained ownership.

ePac supplies automated, fast-turn flexible packaging formats used by food and beverage brands, including pouches, bags and sachets. The acquisition positions Butterfly to expand its exposure to packaging as a critical input in the food value chain, leveraging ePac’s technology-led approach to quoting and turnaround times. With ePac operating across multiple geographies, including an active European expansion program, the deal also aligns with demand for digitally printed packaging that supports brand agility and shorter production runs.

The transaction is closed, and the specific financial terms were not made public. Butterfly said it plans to work with ePac’s management to accelerate growth and continue deploying next-generation packaging platforms, including ePacOne, while maintaining the company’s customer service and technology focus.