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Acquisition adds portfolio of market-leading protein packaging products, expands blue-chip customer base in Europe.
July 27, 2021
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
ProAmpac announced that it has acquired Euroflex, a family-owned business based in Ireland that produces a broad portfolio of flexible printed film, lamination and pouching packaging solutions. Terms of the transaction were not disclosed. Euroflex is a leading supplier of protein packaging products to meat, cheese and dairy industries in Ireland, one of Europe’s largest producers. The company also serves fast-growing segments including coffee, pet food and nutrition supplements. Euroflex brings extensive expertise in high-barrier flexible packaging and a track record of R&D innovations for resealable and retortable packaging. This acquisition expands ProAmpac’s manufacturing capabilities for printed film, lamination and pouching solutions in Ireland as the company serves a growing base of multinational customers. “Euroflex is an exciting addition to the ProAmpac family in Europe,” said Greg Tucker, founder and CEO of ProAmpac. “This family-owned business shares our values and continues to deliver strong performance, with a leading position serving Ireland’s meat, cheese and dairy markets. We are delighted to add Euroflex’s high-quality product offering, innovative R&D-focused team and relationships with blue-chip multinational customers to ProAmpac’s growing European platform.” “With this combination, our expertise in high-barrier applications will complement ProAmpac’s broad offering of high-quality flexible packaging products,” added Derek Richardson, CEO at Euroflex. Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. With the addition of Euroflex, ProAmpac has 44 sites globally, with nearly 5,800 employees supplying more than 5,000 customers in 90 countries. Euroflex will adopt the ProAmpac brand and will maintain operations at its manufacturing facilities in County Donegal, Ireland. “This acquisition represents an important strategic growth opportunity for ProAmpac in Ireland and Europe,” said Chris Trick, investment partner at Pritzker Private Capital, said, “Euroflex’s strong portfolio and leading market position strengthen the high-quality offering ProAmpac delivers to its customers. We look forward to a successful partnership.”
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