ProAmpac announced the completion of a new investment from Pritzker Private Capital.
PPC acquired ProAmpac alongside management in 2016.
GIC, Singapore’s sovereign wealth fund, as well as existing and new co-investors invested alongside PPC and ProAmpac management to support ProAmpac’s next phase of growth.
Terms were not disclosed.
Following its recent acquisitions of Rosenbloom Groupe and Rapid Action Packaging, Cincinnati-based ProAmpac now has 37 sites globally, with nearly 4,800 employees supplying more than 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.
ProAmpac’s management team, led by Founder and CEO Greg Tucker, will continue to lead the business.
“Both ProAmpac and PPC are employee-centric organizations and we remain aligned in our values-based culture and leadership strategy,” Tucker said. “This investment will help ProAmpac continue our growth, including future acquisitions and expansion into new geographies. With the continued support of our strategic partners, we will enhance our best-in-class product offering and commitment to serve our customers with sustainable solutions for their custom packaging needs.”
“ProAmpac continues to be a market leader in manufacturing high-quality sustainable, flexible packaging for its customers around the world. We are thrilled to continue our partnership with Greg and the ProAmpac team. We look forward to working together with new partner GIC to identify and pursue future strategic growth opportunities for this great company," added Tony Pritzker, chairman and CEO at Pritzker Private Capital.
