ProAmpac Completes Acquisition of Clondalkin Flexible Packaging Orlando
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."
