ProAmpac recently bought the bag converting operations of International Paper (IP), which specializes in fiber-based bags.
The acquisition expands ProAmpac’s converting capabilities, further advancing the company’s fiberization strategy and enhancing its ability to deliver customized bag solutions for the grocery, convenience store, and quick-service restaurant markets, the company said in a news release.
Terms of the deal were not disclosed.
“Global demand for reliable, recyclable paper packaging continues to grow rapidly amid evolving consumer expectations and market trends redefining recyclability,” says Greg Tucker, ProAmpac founder, vice chair, and CEO. “ProAmpac’s acquisition of IP’s bag operation supports our Fiberization of Packaging® initiatives, helping us better serve customers by extending our expertise in material science to the West Coast with additional capabilities and redundancies.”
Allison Magness, IP’s group vice president, specialty business, says her company’s bag business is built on sustainability,
“It’s well-positioned for future growth and innovation in the kraft paper bag market,” Magness says. “Under ProAmpac’s leadership, I am confident the business is set up for long-term success.”
IP’s bag operations are located in California, Oregon, and Texas. Specializing in customizable and premium kraft bags for the grocery, convenience store, and quick-service restaurant markets, the operations produce a range of products, including handled shopping bags, self-opening sacks, and smaller formats.
Cincinnati-based ProAmpac is owned by Pritzker Private Capital, along with management and co-investors.