ProAmpac acquires APC Paper Group
Terms of the transaction were not disclosed.
APC Paper specializes in the production of 100% recycled kraft paper products. The company primarily serves food service packaging, consumer products, e-commerce, industrial and home improvement markets. With this acquisition, ProAmpac expands its paper manufacturing capabilities and strengthens its market position in the important recycled and sustainable product categories.
Greg Tucker, Founder and CEO of ProAmpac, said, “APC Paper is widely respected for its commitment to innovation and 100% recycled paper products. Together, we will have greater capabilities in our paper-based markets as we strengthen our leading position in sustainable packaging products. I am thrilled to welcome APC Paper’s talented team to ProAmpac.”
Tom Moore, President of APC Paper, said, “ProAmpac shares our commitment to producing innovative products that are environmentally friendly. By joining forces with ProAmpac, we will be able to deliver a broader product portfolio to our customers and exciting opportunities for our team. I look forward to working alongside ProAmpac to provide the highest-quality recycled paper products to our customers.”
Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. ProAmpac has nearly 50 sites globally, with nearly 5,800 employees supplying over 5,000 customers in 90 countries. ProAmpac innovates, engineers and manufactures flexible and sustainable packaging and material science solutions for various consumer, healthcare, e-commerce, retail and industrial goods markets. APC Paper will adopt the ProAmpac brand and will maintain operations at its manufacturing facilities in New Hampshire and New York.
Chris Trick, Investment Partner at Pritzker Private Capital, said, “The addition of APC Paper’s innovative portfolio gives ProAmpac greater capacity for recycled and sustainable paper packaging products. We look forward to continuing our strong partnership with Greg and the ProAmpac team.” ■