ProAmpac to Acquire PAC Worldwide
Acquisition expands ProAmpac’s global footprint and accelerates next-generation sustainable packaging innovation across e-commerce, consumer packaged goods and industrial markets.
ProAmpac, a global player in flexible packaging and material science, and PAC Worldwide, an innovative flexible packaging solutions provider, announced the signing of a definitive agreement under which ProAmpac will acquire PAC Worldwide. Terms of the transaction were not disclosed.
The integration of ProAmpac and PAC represents a strategic step forward in delivering fully integrated packaging solutions, spanning materials production, recycled paper mills, film, converting and customer support. Together, the combined company significantly expands its geographic reach and enhances vertical integration across e-commerce, consumer packaged goods and industrial markets. Customers will benefit from expanded access to advanced blown film, recycled paper, lamination, printing and converting assets, as well as secure and sustainable paper-based packaging solutions. Leveraging leading material science expertise, ProAmpac and PAC are well positioned to help customers meet evolving sustainability goals, comply with Extended Producer Responsibility requirements and access next-generation packaging innovations.
This is a transformational moment for our companies. By combining ProAmpac and PAC, we are creating unmatched packaging capabilities that deliver greater flexibility, sustainability and innovation. Together, we can accelerate material science advancements and deliver solutions that help our customers achieve their most ambitious goals.
Greg Tucker, ProAmpac’s Founder, Vice Chairman and Chief Executive Officer
“Partnering with ProAmpac will help us scale faster and deliver even more value. Together, we’ll meet growing global demand for innovative and sustainable packaging,” said Jim Boshaw, PAC’s Chief Executive Officer.
“At ProAmpac, our people and values are at the heart of everything we do,” said Sachin Desai, ProAmpac’s President and Chief Operating Officer. “By welcoming PAC’s talented team, we’re strengthening our culture of innovation, integrity and customer partnership. Together, we will empower our employees and deliver exceptional value to customers worldwide.”
Headquartered in Redmond, WA, PAC Worldwide is a global innovator in the development and manufacturing of customised flexible packaging solutions. The company specialises in producing protective mailers and specialty packaging for e-commerce, courier and retail applications, with product offerings spanning polyethylene, paper and bubble-lined packaging. With more than 1,300 employees and seven manufacturing facilities located in the U.S., Mexico and Malaysia, PAC brings to ProAmpac a global manufacturing network, including a significant presence in the Pacific Northwest region.
The transaction is subject to regulatory approval and customary closing conditions and is expected to close in the coming weeks.
About ProAmpac
ProAmpac is a global flexible packaging company with a comprehensive product offering. It provides 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 its customers achieve their sustainability goals. ProAmpac is guided in its work by five core values that are the basis for its success: Integrity, Intensity, Innovation, Involvement and Impact. 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 PAC Worldwide
PAC Worldwide Corporation is an innovator in developing and manufacturing customized flexible packaging solutions for five decades. The privately owned company employs over 1,300 team members through its operations in the U.S., Mexico, and Malaysia.
Learn more at pac.com.
