ePac Flexible Packaging Is Acquired by Butterfly

Industrial

ePac sale to Butterfly


Summary

ePac Flexible Packaging (“ePac” or the “Company”) has been acquired by Butterfly Equity (“Butterfly”) from its investor consortium. Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to ePac on this transaction.

About

ePac is the world's largest networked flexible packaging provider, serving brands of all sizes in the consumer-packaged goods industry. ePac operates a tech enabled platform with 14 facilities in the U.S. and Canada, all with identical set-ups, offering customers automated quoting, digital printing capabilities and exceptional service times offering a full complement of films including sustainable options. ePac's founders began with a mission to provide locally based consumer-packaged goods companies the ability to compete with large brands with great packaging. ePac's customers are high-growth leaders and innovators across small, medium and larger companies, many of whom are focused on creating natural and innovative products for consumers. ePac's customers benefit from speed to market, the ability to order to demand and the latest in connected packaging technology through ePacConnect. Through its proprietary technology platform, ePacONE (One Network Everywhere), ePac provides brands of all sizes the ability to produce any order size in any of its facilities. ePac's management has retained a significant ownership interest in the business. ePac is headquartered in San Diego, California.

Butterfly is a private equity firm that invests exclusively in the $26 trillion food sector. Butterfly is a leading “seed-to-fork” food ecosystem investor in North America and seeks to generate consistent investment returns through deep sector expertise, a data-driven investment process and an operations-driven approach to value creation. Since its founding in 2016, the firm has invested in a diverse portfolio of category-leading businesses representing approximately $9 billion in enterprise value including The Duckhorn Portfolio, Rise Baking Company, Actus Nutrition, Chosen Foods, MaryRuth Organics, Pete and Gerry’s, Orgain, Generous Brands (a portfolio consists of Health-Ade, Evolution Fresh and Bolthouse Farms), Bolthouse Fresh Foods, QDOBA and Pacifico Aquaculture. Butterfly is headquartered in Los Angeles, California.
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Industrial

ePac sale to Butterfly

Date
January 2026
Company
ePac Flexible Packaging
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Packaging & Containers
Target Geography
North America
Acquiror Geography
North America

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