View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 5, 2021

ProAmpac acquires Irish packaging companies from IFP Investments

The acquisitions support ProAmpac’s European growth strategy and are intended to add to its manufacturing capabilities.

US-based flexible packaging firm ProAmpac has acquired two Irish packaging businesses, Irish Flexible Packaging and Fispak, from IFP Investments.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The acquisition is part of ProAmpac’s strategy to expand its sustainability-focused flexible packaging capabilities in Europe and the UK.

The financial terms of the transaction have not been disclosed.

ProAmpac founder and CEO Greg Tucker said: “We are pleased to continue ProAmpac’s expansion in Europe with the addition of Irish Flexible Packaging and Fispak.

“These high-performing businesses strengthen our sustainable packaging capabilities and enhance our ability to serve the leading dairy, bakery, meat and foodservice companies across Europe and beyond.

“I welcome these talented teams to the ProAmpac family.”

Irish Flexible Packaging supplies paper-based structures for customers in Ireland’s bakery and dairy sectors.

Fispak serves the meat, cheese and fish industries and supplies food contact packaging materials, including casing, boneguard and linerboard products.

Both businesses are expected to add sustainable and flexible packaging manufacturing and distribution capabilities to ProAmpac’s portfolio.

Following the acquisition, ProAmpac will assume both companies’ current management teams without changing their roles.

IFP Investments chairman Barry O’Brien said: “Our expertise in recyclable food packaging is an exciting complement to ProAmpac’s offering of innovative flexible packaging solutions.

“We are thrilled to partner with Greg Tucker and the ProAmpac team as together we serve an expanded, global customer base with world-class sustainable packaging products.”

ProAmpac develops solutions for consumer, healthcare, e-commerce, retail and industrial goods markets worldwide.

The company currently operates a network of 50 sites worldwide, serving more than 5,000 customers in 90 countries.

It is owned by Pritzker Private Capital, along with management and other co-investors.

In July, ProAmpac acquired Irish protein packaging supplier Euroflex for an undisclosed sum.

The company also acquired UK-based companies Rapid Action Packaging, IG Industries, Brayford Plastics and Ultimate Packaging this year.

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Packaging Gateway