Ink World staff01.12.21
ProAmpac announced that it has acquired Rapid Action Packaging (RAP), a private, U.K.- based manufacturer of cellulose-based packaging products for fresh prepared and ready-to-eat foods.
Terms of the transaction were not disclosed.
RAP is a designer and manufacturer of sustainable packaging for freshly prepared foods sold at retail, including sandwiches, wraps, chicken tenders and salads.
With this acquisition, ProAmpac expands its manufacturing capabilities to produce primary packaging for ready-to-eat and freshly prepared foods, broadening its sustainable product offering for retail food markets.
Ludgate, a European, sustainability-focused investment company, announced the successful exit from RAP, one of its portfolio companies, to ProAmpac.
“RAP is an excellent addition to the ProAmpac family. We are excited to add RAP’s focus on research and development for freshly prepared food packaging to our portfolio. Together with RAP, we are extending our product reach in food service to now include a ready-to-eat portfolio, and we will continue to bring innovative ideas and products to a growing customer base," ProAmpac CEO Greg Tucker said.