Wildpack Announces Supply Agreement for Aluminum Packaging with Ball Corporation

Rhea-AI Summary

Wildpack Beverage Inc. (OTCQB:WLDPF) has signed a long-term purchase and supply agreement with Ball Corporation for aluminum beverage packaging. This partnership aims to provide sustainable packaging solutions across Wildpack's six U.S. locations, enhancing their customer offerings. Wildpack's Chief Growth Officer emphasized that this agreement will help reduce freight costs and ensure that clients have access to high-quality packaging at competitive prices. The collaboration aligns with Wildpack's goal of sustainability while optimizing operational efficiency.

Positive

• Long-term supply agreement with Ball Corporation for aluminum beverage packaging.
• Agreement enhances Wildpack's customer access to sustainable packaging.
• Reduces freight costs, optimizing operational efficiency.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / August 23, 2022 / Wildpack Beverage Inc. (TSXV:CANS) (OTCQB:WLDPF) ("Wildpack" or the "Company") today announces the execution of a long-term purchase and supply agreement (the "Agreement") for sustainable aluminum beverage packaging with Ball Corporation ("Ball").

"Wildpack is delivering on our commitment to ensure our customers have ongoing access to sustainable beverage packaging in the U.S." commented Thomas Walker, Chief Growth Officer at Wildpack. "Our partnership with Ball will allow us to provide our customers with high quality aluminum packaging, at competitive prices. This is just one more example of how we continually seek to enhance our customer experience and enable our customers to scale without interruption."

The supply agreement enhances the benefits of Wildpack's network strategy to reduce the pressure freight costs place on the production of beverages for its customers. Ball maintains a broad network of production facilities which integrates well with the existing six nationwide locations for Wildpack. The Agreement enables Wildpack to expand its printed can and warehousing services beyond the Grand Rapids location to the remaining five locations, and any future U.S. Wildpack sites.

Per: "Mitch Barnard"
Mitch Barnard
Chief Executive Officer and Director

For further information, please contact us at:
invest@wildpackbev.com

or

Elijah Clare
Vice President, Investor Relations
elijah@wildpackbev.com

Advisors
Fasken Martineau DuMoulin LLP is the legal advisor to Wildpack Beverage Inc.

Visit our investor website at:
https://investor.wildpackbev.com

About Wildpack

Wildpack is engaged in beverage manufacturing and packaging operating in the middle market by providing sustainable aluminum can filling, decorating, packaging, brokering, sleeve/label printing services, and logistics to brands throughout the United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and out of six facilities in Baltimore, Maryland, Grand Rapids, Michigan, Atlanta, Georgia, Longmont, Colorado, Sacramento, California and Las Vegas, Nevada with a focus on digital innovation and green ready-to-drink packaging. Wildpack commenced trading on the TSX Venture Exchange under the symbol "CANS" on May 19, 2021, and on the OTCQB® Venture Market under the symbol "WLDPF" on February 23, 2022.

Cautionary Statement on Forward Looking Information

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws, including, but not limited to, statements with respect to Wildpack's plans, financial performance and operating performance, anticipated growth in co-packing business, the estimation of revenue, the timing and targets of M&A activity, costs, future capital expenditures, and the success of integration. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks including but not limited to: risks related to the successful integration of acquisitions; risks related to operations; risks related to general economic conditions and credit availability, ability to obtain sufficient and suitable financing, actual results of current production and decorating, fluctuations in prices of aluminum; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the co-packaging industry; delays in the completion of capex activities, changes in national and local government regulation of manufacturing operations and labour laws in light of the current COVID pandemic, tax rules and regulations, and political and economic developments where Wildpack operates. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements expressed or implied by Wildpack are subject to a number of risks, uncertainties, and conditions, many of which are outside of Wildpack's control, and undue reliance should not be placed on such statements. Although Wildpack has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties related to Wildpack's business, including that Wildpack's assumptions in making forward-looking statements may prove to be incorrect; delays in filing of financial information; adverse market conditions; risks inherent in the beverage manufacturing and packaging sector in general; that future results may vary from historical results; and competition in the markets where Wildpack operates. Except as required by securities law, Wildpack does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Wildpack Beverage Inc.

View source version on accesswire.com:
https://www.accesswire.com/713117/Wildpack-Announces-Supply-Agreement-for-Aluminum-Packaging-with-Ball-Corporation

FAQ

What is the significance of the supply agreement between Wildpack and Ball Corporation?

The supply agreement enables Wildpack to provide sustainable aluminum packaging to customers while reducing freight costs and enhancing operational efficiency.

What are the expected benefits of the agreement for Wildpack's operations?

Wildpack expects to improve customer access to packaging and optimize its services across its six U.S. locations.

When was the agreement with Ball Corporation announced?

The agreement was announced on August 23, 2022.

How does Wildpack plan to utilize the agreement with Ball Corporation?

Wildpack plans to expand its printed can and warehousing services beyond its Grand Rapids location using the sustainable packaging supplied by Ball Corporation.