The details of the transaction were not made public. Credit: Matveev Aleksandr via Shutterstock.

Ault Alliance’s wholly owned subsidiary Eco Pack Technologies Inc has concluded the acquisition of 80% ownership interest in Eco Pack Technologies Limited.

The deal was announced in late September and the companies did not reveal the financial details of the transaction.

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Eco Pack Limited provides ‘eco-centric alternatives’ to the traditional co-packing industry.

The company leverages Siemens Digital technology to address contemporary packaging challenges for fast-moving consumer goods manufacturers.

It uses digital technology enabling data-driven analysis and decision-making to create packaging that blends sustainability with minimal environmental impact.

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The company’s approach helps improve packaging design, material selection, and supply chain efficiency, enabling businesses to adopt environmentally friendly alternatives without sacrificing quality or performance.

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Eco Pack Limited’s solutions are intended to replace conventional cardboard boxes and shrink wrap in key retail chains.

Its machinery is also said to be engineered with a modular framework, allowing it to be used in various manufacturing settings.

Ault executive chair Milton ‘Todd’ Ault Jr said: “We are excited by Eco Pack’s current outlook, with 12 machines already operating at client sites throughout the UK.

“We intend to support Eco Pack as they venture into the global market and seek to fill an unmet need within the global co-packing industry.

“We believe the co-packing industry is ripe for disruption and Eco Pack, with its eco-friendly yet effective solutions, provides customers with a new solution to not only save money, but to cut down their overall carbon footprint.”