Flexible packaging giant ProAmpac has purchased a Canadian holding company that includes both plastic and paper bags and foam trays for the retail and foodservice industries.
The Rosenbloom Groupe is based in Montreal and covers paper bags made under the Rosenbloom name, plastic bags, sacks and liners made by Hymopack Ltd. of Toronto and Dyne-A-Pak Inc. of Laval, Quebec, a maker of expanded polystyrene trays for fresh meats and fish.
No purchase price was disclosed.
ProAmpac is No. 9 in Plastics News' ranking of North American film and sheet companies with 16 plants and estimated sales of $990 million in the region. None of the Rosenbloom Groupe companies are ranked by PN. Cincinnati-based ProAmpac is owned by Pritzker Private Capital.
In a news release, ProAmpac said the acquisition boosts its business through greater reach into Canada and more offerings for retailers and foodservice customers.
"All of us at ProAmpac have deep respect for the legacy and long history of excellence of the Rosenbloom Group of companies," ProAmpac CEO Greg Tucker said in the release. "We are pleased to add this strong business to our platforms, which enhances our presence in Canada and allows us to broaden our product offering in the United States."
Third-generation, family-owned Rosenbloom Groupe's brands will continue in Canada and will maintain operations at its manufacturing facilities, ProAmpac said.