Posted 十月 18, 2016
Pritzker Group Private Capital has signed a definitive agreement to acquire ProAmpac, a leading global flexible packaging company, from Wellspring Capital Management.
Pritzker Group Private Capital and other co-investors are investing alongside the ProAmpac management team, which will remain a significant shareholder, continue to lead the company and serve on its board of directors. The transaction is expected to close later in November.
“ProAmpac maintains an excellent reputation for innovation and world-class customer service. Its diverse product lines and strong market position make it a strong platform for growth in flexible packaging,” said Michael Nelson, Pritzker Group Private Capital investment partner.
Headquartered in Cincinnati, Ohio, ProAmpac has more than 2,400 employees across 18 manufacturing locations in North America, Europe and Asia. The company offers a broad range of products and capabilities, including wide web extrusion coating and laminating of film, foil, paperboard and nonwovens; metallizing; pouching; bag converting, and rotogravure and flexographic printing.