ProAmpac reported earlier this month that it bought Irish Flexible Packaging and Fispak from their parent company, IFP Investments Limited.
Terms of the transaction were not disclosed.
Based in Ireland, Irish Flexible Packaging and Fispak are manufacturers and distributors of sustainable flexible packaging serving the dairy, bakery, meat, fish, and cheese markets internationally. The current management teams at both Irish companies will remain in their current roles.
Irish Flexible Packaging is a supplier of paper-based structures to Ireland’s bakery and dairy sectors, whose customers include the market leaders in these sectors.
Fispak is a manufacturer, convertor, and distributor of food contact food packaging materials, such as meat casings, bone guard, and linerboard for the meat, cheese, and fish industries.
ProAmpac says in a news release that the deal advances its strategy to expand in Europe and the United Kingdom.
“These high-performing businesses strengthen our sustainable packaging capabilities and enhance our ability to serve the leading dairy, bakery, meat, and food service companies across Europe and beyond,” says Greg Tucker, founder and CEO of ProAmpac.
Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. ProAmpac has nearly 50 sites globally, with close to 5,800 employees supplying over 5,000 customers in 90 countries, the company says.