CINCINNATI — Flexible packaging player ProAmpac has acquired Euroflex, a family-owned flexible packaging material and solutions provider based in Ireland. Financial terms of the acquisition were not disclosed.
Euroflex specializes in flexible printed films, lamination and pouch packaging solutions for the meat, cheese and dairy industries, as well as for the pet food, coffee and nutrition supplement markets. The company’s high-barrier flexible packaging expertise is expected to expand ProAmpac’s international packaging manufacturing capabilities.
“Euroflex is an exciting addition to the ProAmpac family in Europe,” said Greg Tucker, founder and chief executive officer at ProAmpac. “This family-owned business shares our values and continues to deliver strong performance, with a leading position serving Ireland’s meat, cheese and dairy markets. We are delighted to add Euroflex’s high-quality product offering, innovative R&D-focused team and relationships with blue-chip multinational customers to ProAmpac’s growing European platform.”
With the addition of Euroflex, ProAmpac will now operate in 44 locations globally, employ nearly 5,800 people and supply more than 5,000 customers across 90 countries, according to the company. Euroflex will take on the ProAmpac brand moving forward but will maintain operations at its packaging manufacturing plants in County Donegal, Ireland.
“We are thrilled to join ProAmpac and partner with Greg and the entire ProAmpac team,” said Derek Richardson, chief executive officer at Euroflex. “With this combination, our expertise in high-barrier applications will complement ProAmpac’s broad offering of high-quality flexible packaging products. We are able to take this next step for our business because of the continued hard work and dedication of our team, and we are confident in the growth opportunities ahead.”
ProAmpac is currently owned by Pritzker Private Capital, as well as company management and other co-investors.
“This acquisition represents an important strategic growth opportunity for ProAmpac in Ireland and Europe,” commented Chris Trick, investment partner at Pritzker. “Euroflex’s strong portfolio and leading market position strengthen the high-quality offering ProAmpac delivers to its customers. We look forward to a successful partnership.”
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