Flexible packaging manufacturer ProAmpac has completed the acquisition of Clondalkin Flexible Packaging Orlando for an undisclosed amount.
Established in 1977, Clondalkin Flexible Packaging Orlando focuses on converting, printing, die-cutting and slitting packaging materials, as well as manufacturing lidding foils and films.
In 2002, Clondalkin acquired Spiralkote and in 2014 renamed itself as Clondalkin Flexible Packaging Orlando.
ProAmpac CEO Greg Tucker said: “For more than 20 years ProAmpac has partnered with Clondalkin Flexible Packaging Orlando to jointly supply lidding and films to the marketplace.
“This acquisition enables us to offer customers an integrated and comprehensive capability as well as an ability to meet their increasing demands for daisy chain portion-pack lidding.”
Clondalkin Flexible Packaging Orlando former president Bill Harris will assume the responsibility to lead ProAmpac’s lidding solutions.
The business will operate as a part of the Extrusion and Laminations Division under ProAmpac, which is owned by Pritzker Group Private Capital.
Pritzker Group Private Capital investment partner Michael Nelson said: “This is a sound strategic fit, giving ProAmpac a needed foothold in lidding and other printing, embossing and die-cutting capabilities.
“It further underscores Pritzker Group Private Capital’s commitment to investing in companies with proven leadership and market expertise.”
With this acquisition, ProAmpac has 23 manufacturing sites in North America, Europe and Asia employing more than 3,100 people.
Besides catering to food, pet care, healthcare, lawn care and retail markets across 90 countries, the company provides secure packaging for the transport of cash and valuables.