ProAmpac Completes Acquisition of Clondalkin Flexible Packaging Orlando
CINCINNATI, August 21, 2017 – ProAmpac, one of the nation’s largest flexible packaging manufacturers, today announced that is has acquired Clondalkin Flexible Packaging Orlando from Holland’s Clondalkin Group. Specializing in converting, printing, die-cutting and slitting packaging materials, Clondalkin Flexible Packaging Orlando is an established market leader in lidding foils and films. Financial terms of the deal were not disclosed.
“For more than 20 years ProAmpac has partnered with Clondalkin Flexible Packaging Orlando to jointly supply lidding and films to the marketplace,” said ProAmpac CEO Greg Tucker.
“This acquisition enables us to offer customers an integrated and comprehensive capability as well as an ability to meet their increasing demands for daisy chain portion-pack lidding. We are pleased about the enhanced offerings this acquisition will bring to our customers,” Tucker added.
Cincinnati-based ProAmpac, one of the top 10 flexible packaging converters in the United States, is owned by Pritzker Group Private Capital along with management and co-investors. With the addition of Clondalkin Flexible Packaging Orlando, ProAmpac has 23 manufacturing sites in North America, Europe and Asia with 3,100 employees supplying more than 5,000 customers in 90 countries. ProAmpac serves food, pet care, healthcare, lawn care and retail markets as well as providing secure packaging for the transport of cash and valuables.
Founded in 1977, Clondalkin acquired Spiralkote in 2002, and in 2014 became known as Clondalkin Flexible Packaging Orlando. The business will become part of the ProAmpac brand and operate as a part of the Extrusion and Laminations Division. Bill Harris, former president of Clondalkin Flexible Packaging Orlando, will lead ProAmpac’s lidding solutions.
Michael Nelson, Pritzker Group Private Capital investment partner, said, “This is a sound strategic fit, giving ProAmpac a needed foothold in lidding and other printing, embossing and die-cutting capabilities. It further underscores Pritzker Group Private Capital’s commitment to investing in companies with proven leadership and market expertise.”
About ProAmpac
ProAmpac is a leading global flexible packaging company with a comprehensive product offering unparalleled in the industry. We provide creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. We are guided in our work by four core values that are the basis for our success: Integrity, Intensity, Innovation and Involvement. For more information, visit proampac.com.
About Clondalkin Group
Clondalkin is a group of nine flexible packaging companies located across Europe and North America specializing in extrusion, printing, laminating and finishing. The companies have extensive experience in the development, manufacture and marketing of various packaging for different consumer goods and industrial applications. For more, visit clondalkingroup.com.
About Pritzker Group
Pritzker Group, founded by Tony and J.B. Pritzker, has three principal investment teams: Private Capital, which acquires and operates leading North America-based companies; Venture Capital, which provides early-stage and growth venture funding to technology companies throughout the United States; and Asset Management, which partners with top-performing investment managers across global public markets.
Pritzker Group Private Capital acquires North America-based middle-market companies with leading positions in the manufactured products, services and healthcare sectors. The firm’s permanent, proprietary capital base allows for efficient decision making, broad flexibility with transaction structure and investment horizon, and alignment with management teams focused on creating long-term value. Pritzker Group brings significant resources, expertise and credibility in building businesses and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit pritzkergroup.com.
