ProAmpac acquires recycled paper packaging firm APC Paper Group
ProAmpac, an Ohio-based flexible packaging company, has acquired APC Paper Group, a producer of recycled paper packaging products that caters to foodservice and retail markets.
The financial terms of the deal were not disclosed.
APC Paper Group, which is based in Claremont, New Hampshire, is engaged in producing 100% recycled kraft paper products.
The paper packaging solution provider mainly serves the foodservice packaging, e-commerce, consumer products, industrial, and home improvement markets.
Tom Moore – President of APC Paper Group said: “ProAmpac shares our commitment to producing innovative products that are environmentally friendly. By joining forces with ProAmpac, we will be able to deliver a broader product portfolio to our customers and exciting opportunities for our team.
“I look forward to working alongside ProAmpac to provide the highest-quality recycled paper products to our customers.”
Through the acquisition, ProAmpac said that it will grow its paper manufacturing capabilities and consolidates its market position in the recycled and sustainable product categories.
Greg Tucker – Founder and CEO of ProAmpac said: “APC Paper is widely respected for its commitment to innovation and 100% recycled paper products. Together, we will have greater capabilities in our paper-based markets as we strengthen our leading position in sustainable packaging products.”
ProAmpac, which is backed by Pritzker Private Capital, has around 50 locations globally, with approximately 5,800 employees to supply to more than 5,000 customers across 90 countries.
Earlier this month, ProAmpac acquired Ultimate Packaging, a UK-based flexible packaging manufacturer.