WILDPACK EXCEEDS $28 MILLION PROFIT IN 2021

Wildpack Company has released its latest financial results for the last period of the year 2021. Among the most relevant data is an increase in revenues in the fourth quarter of the year, whose profits grew by 32.8%, which translates into an economic profit of close to 6.64 million dollars compared to the net profit of 5 million dollars recorded for the previous year.

Likewise, production volume for the quarter grew 191% to 26.5 million cans compared to 9.1 million cans a year earlier. “2021 was a pivotal year for Wildpack,” highlights CEO, Mitch Barnard who adds that “early on, we saw Wildpack as a comprehensive network of shared beverage packaging facilities that solved the key challenges facing middle-market beverage brands of supplier fragmentation, shipping costs, manufacturing capacity and access to aluminum cans. By 2021, reaching all milestones to achieve that vision.”

Wildpack adds two new verticals: sleeve/label printing and brokerage packaging materials, also commissioned and installed the first printing production line and 2 additional decoration production lines. In addition, the company expects to achieve total revenues for this year in the range of US$75 million to US$85 million, as well as a throughput of close to 300 million cans and can equivalents. The total footprint of the facilities increased by 200% and the company opened and acquired a total of four new facilities.

In the fourth quarter, revenue for the quarter increased 32.8% to US$6.64 million compared to US$5 million in the prior year. Production volume for the quarter grew 191% to 26.5 million cans compared to 9.1 million cans a year earlier.