Flexible packaging maker ProAmpac is acquiring a pair of Irish companies with common ownership, including one firm that supplies plastic packaging.
Fispak Ltd. of Dublin is a maker and distributor of an array of food packaging, including plastic products. Irish Flexible Packaging of Wicklow supplies paper-based products. Markets include dairy, bakery, meat, fish and cheese.
"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," ProAmpac CEO Greg Tucker said in a statement.
Terms of ProAmpac's deal with IFP Investments Ltd., which was majority owned by Williams Caribbean Capital, were not disclosed. IFPIL acquired the two firms in 2019.
"The ProAmpac team shares our commitment to sustainability and is the ideal partner for the next phase of Irish Flexible Packaging and Fispak's growth. Our expertise in recyclable food packaging is an exciting complement to ProAmpac's offering of innovative flexible packaging solutions," IFPIL Chairman Barry O'Brien said in a statement.
Cincinnati-based ProAmpac has grown to nearly 50 locations around the world and 5,800 employees since Pritzker Private Capital of Chicago acquired the firm in 2016. Management and other co-investors also have a stake in the firm founded by Tucker.
The latest acquisitions continue a busy year for ProAmpac in Europe. The firm also purchased Euroflex, Rapid Action Packaging, IG Industries, Brayford Plastics and Ultimate Packaging in 2021.