Ault Inc. to acquire majority stake in Eco Pack Technologies

Ault Alliance’s wholly owned subsidiary, Eco Pack Technologies, Inc., has entered into an agreement to acquire an 80% ownership stake in Eco Pack Technologies LTD. Eco Pack offers eco-centric packaging alternatives. Using digital technology enabling data driven analysis and decision making, Eco Pack develops packaging that marries sustainability with reduced environmental repercussions. Eco Pack’s solutions are poised to replace conventional cardboard boxes and shrink-wraps prevalent in major retail chains. The closing of the agreement remains subject to the parties thereto meeting customary closing conditions and obtaining regulatory approval.