ProAmpac strengthens position in market with Gelpac acquisition

USA – ProAmpac, a leading American flexible packaging company, has announced its acquisition of Gelpac, a prominent maker of multiwall paper and poly-woven packaging products.

This strategic move, though the financial details remain undisclosed, is set to bolster ProAmpac’s production capabilities and broaden its product portfolio, catering to customers across the United States and Canada.

By integrating Gelpac’s expertise and product offerings, ProAmpac aims to better serve the high-growth sectors of food and beverage, agriculture, industrial, and pharmaceutical industries.

Greg Tucker, Founder, Vice Chairman, and CEO of ProAmpac, underscores the shared commitment of both companies to provide customers with high-performance and sustainability-focused flexible packaging solutions. The acquisition aligns with ProAmpac’s vision for growth and innovation.

Alain Robillard, President, and CEO of Gelpac, expresses enthusiasm about the partnership with ProAmpac, emphasizing the benefits it will bring to customers and key partners.

Gelpac’s reputation for performance and commitment to innovation will complement ProAmpac’s existing strengths.

Established in 1956, Gelpac operates six facilities in the United States and Canada, serving a diverse customer base with a wide range of packaging solutions.

The company’s flexible business model and dedication to innovation and sustainability have earned it a stellar reputation in the industry.

ProAmpac, leveraging its expertise in fiber and film-based materials science, is renowned for delivering eco-friendly flexible packaging solutions across various industries globally.

With a vast network of facilities and a strong customer base, the company is well positioned for continued growth and success.

Kaitlyn Desai, Principal at Pritzker Private Capital, emphasizes the complementary nature of the acquisition, noting both companies’ focus on sustainable packaging solutions.

The move underscores ProAmpac’s commitment to expanding its presence across North America.

The transaction, subject to customary approvals and closing conditions, is expected to finalize in the coming weeks.

The involvement of leading legal firms and advisory services attests to the significance of the deal for both ProAmpac and Gelpac.

Early last month, the company introduced ‘ProActive Recyclable FibreSculpt’, a high-barrier fibre-based solution to the European market.

Tailored for a diverse array of thermoforming applications, this sustainable innovation caters to products ranging from sliced cheese and chilled cooked meats to cold cuts and fish.

Compliant with On-Pack Recycling Label (OPRL) guidelines, ProActive Recyclable FibreSculpt boasts over 90% paper content, offering a commendable eco-friendly alternative.

Its adaptability extends to Multivac lines, accommodating formations up to 22mm, thereby presenting packaging companies and brands with a versatile and printable fiber-based packaging choice.

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