Ampac, a global leader in the retail, food, security and medical packaging markets, announces the establishment of a long-term credit facility recently closed with J.P. Morgan Chase and Bank of America.
a decade ago, Ampac recognized a future that depended upon global expansion and
reach, resulting in the addition of manufacturing centers of excellence on
three continents – North America, Europe and Asia with plants in six countries
(including U.S., U.K., Germany, China and Southeast Asia) serving these
Establishing itself as a global supplier with relationships that support
emerging packaging design concepts and technical advancements, Ampac has
enhanced the global spectrum of flexible packaging. With roots back to the
company’s founding in 1966, Ampac has had inherent growth through company
leadership that has developed Ampac as a global change agent and thought leader
in flexible packaging.
The recent syndication provides significant unused capital to the company and
positions Ampac for future organic growth and acquisitions in support of
Ampac’s long-standing strategy of relationship-building and partnerships with
customers and suppliers.
new incremental credit capacity provides an exciting opportunity for Ampac to
continue on our path of building a strong global presence founded on innovation
and manufacturing excellence,” said Jon Dill, Ampac CFO. “The credit facility
gives us a significant opportunity to apply this unused capacity to further
strategic acquisitions and to the development of additional product and process
Ampac poised for growth
October 19, 2010