CINCINNATI — Flexible packaging supplier ProAmpac has bolstered its capabilities in recycled kraft paper solutions through the acquisition of UP Paper. The acquisition was announced March 19, and terms of the deal were not disclosed.

The addition of UP Paper offers ProAmpac the ability to create more environmentally friendly, flexible packaging solutions.

“The UP Paper team has done an incredible job building this great business,” said Greg Tucker, founder, vice chairman and chief executive officer at ProAmpac. “We look forward to building on their existing relationships and production expertise to serve our customer base with a broader suite of sustainable packaging products.”

Founded in 2016, UP Paper supplies North American companies with 100% unbleached recycled kraft paper for use in their packaging. The combined companies will leverage each other’s capabilities to provide flexible fiber- and film-based solutions to a variety of industries.

“ProAmpac has built an exceptional platform from which we can continue to grow our business,” said Lars Dannberg, president and CEO of UP Paper. “Together, we will have a strong portfolio of paper products and a shared commitment to excellence in customer service. I am confident our current and future customers will benefit from this partnership.”

ProAmpac is jointly owned by Pritzker Private Capital alongside co-investors and company managements.

“UP Paper will expand ProAmpac’s portfolio of recycled paper packaging products and extend the company’s presence in growth-oriented end markets,” said Kaitlyn Desai, principal at Pritzker Private Capital. “We look forward to continuing our strong support of ProAmpac through both organic and acquisition growth.”   

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