Continues Successful Multi-Year Partnership to Support the Next Phase of ProAmpac’s Growth
CINCINNATI, OH– ProAmpac, a leader in flexible packaging and material science, today announced the completion of a new investment from Pritzker Private Capital (“PPC”), a leader in family direct investing, strengthening their successful multi-year partnership. 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. We are pleased to strengthen and continue our successful partnership with PPC,” said Mr. Tucker. “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.”
Tony Pritzker, Chairman and CEO at Pritzker Private Capital, said, “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.”
Arjun Khullar, Head of Integrated Strategies Group at GIC, said, “ProAmpac is among the largest players in flexible packaging, a growth area within the broader packaging market. The company has a proven track record in meeting its diversified customers’ needs for more tailored packaging, as well as a clear commitment to sustainability. We are pleased to join Pritzker Private Capital, co-investors and ProAmpac’s management team to support the company through its next phase of its growth.”
A&M Capital Partners also participated in the transaction as a direct investor in ProAmpac. AMCP had previously invested in ProAmpac in 2015 in support of a consolidation effort in the North American flexible packaging industry, and realized that investment in 2016 when Pritzker Private Capital (“PPC”) recapitalized the business alongside management.
Goldman Sachs & Co. LLC advised ProAmpac on the transaction.
ProAmpac is a leading global flexible packaging company with a comprehensive product offering, providing creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. ProAmpac’s approach to sustainability – ProActive Sustainability® – provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. We are guided in our work by four core values that are the basis for our success: Integrity, Intensity, Innovation, and Involvement. Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and co-investors. For more information, visit ProAmpac.com or contact Media@ProAmpac.com.
About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.
About A&M Capital Partners
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $1.8 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. AMCP invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.
About Alvarez & Marsal Capital
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies. The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.
About Alvarez & Marsal
A&M is a privately-owned independent global professional services firm that leverages an industry leading group of experienced operating executives who help businesses improve performance, solve problems and unlock value for stakeholders. A&M has over 5,000 operating professionals and employees in 66 offices across North America, Europe, the Middle East, Asia and South America. A&M has expertise across major industry sectors and extensive functional capabilities in nearly all primary areas of a business enterprise including, among others, operations, revenue enhancement, sales and marketing, manufacturing, IT, finance, working capital management, supply chain and logistics, real estate, human capital management, merger integration and carve-out support.