Food packaging firm iPac to launch second site after securing £1m investment

Food packaging firm iPac is set to create a second North East site, and a number of jobs, after securing a £1m investment.
Gateshead-based iPac specialises in sustainable food and pharmaceutical thermoformed packaging, and has won a number of supply chain contracts with tier-one food suppliers. The business already works with an impressive list of customers, as its products are used to package fresh foods and produce for all of the major UK grocery retailers.
Demand is now growing for the firm’s services, triggering the need for a second site. The firm has secured £1m in investment in a funding round led by Maven Capital …