Ampac buys bank deposit supplies company Business Deposits Plus, which makes products including deposit tickets, bank deposit bags, endorsement stamps; acquisition makes Ampac first integrated bag maker with ticket capability
March 2, 2014
– Ampac, the world’s leader in creative packaging solutions, has acquired Business Deposits Plus (BDP) as part of its overall strategic focus for its secure packaging business unit.
BDP is a leading provider of bank deposit supplies to the Cash Management / Loss Prevention industry. Products include deposit tickets, bank deposit bags and endorsement stamps selling into the retail, restaurant and service company markets. With Ampac’s focus on innovation, establishing the company as the leader in creative packaging solutions, this acquisition of BDP will provide a wider range of security products that will strategically provide customers with additional products lines.
Ampac’s Vice President of Sales Sep Italiano states, “We are excited about the possibilities that this acquisition brings to Ampac, and proud to join the two companies that will allow us to provide additional product selections to all our customers. This partnership makes Ampac the first integrated bag manufacturer with ticket capability and we believe this significantly enhances our value to our customers.”
John Baumann, Ampac CEO, said “With this acquisition, Ampac is positioned to offer additional complementary product lines, as well as the benefit of Ampac’s imagination and know-how that differentiates us from our competition. These additional resources will help Ampac provide our customers with innovative packaging concepts that helps build their business.”
Lynn and Ray Andrews, co-owners of BDP said, “As strategic business partners for over a decade, this acquisition is a perfect fit to provide additional value and solutions to our clients and the market.”