Leading Japanese packager Itochu International has purchased 35 per cent of Kapak, a converter of flexible packaging materials used in a variety of marketing including food, beverage, health and beauty aids, medical industrial agricultural and chemical. John Favreau, VP of corporate development and strategy at Itochu says, "This investment represents the key attributes of Itochu International’s new strategic investment strategy. Kapak is a top performer in its niche market with a product that is highly valued by its customer base. It is also a leader in an industry that is poised for tremendous growth."
Kapak’s expertise includes a wide variety of flexible packaging structures, custom shapes, spout fitments, resealing options, and package design. The company’s production capabilities include high performance adhesive laminations, rotogravure printing, pouchmaking, slitting, spout insertion, and inline die-cutting.
Hiroshi Kitamura, Itochu International’s president and CEO says, "While in Japan and other parts of the world, flexible packaging has surpassed rigid packaging, the US is just beginning to see the rewards of switching to this type of packaging. We believe strongly in Kapak because it has embraced innovative technology that will serve it well in the future."
