US-based flexible packaging company ProAmpac has expanded its presence in Europe by acquiring Irish protein packaging supplier Euroflex.
Euroflex manufactures a range of flexible printed film, lamination and pouching packaging solutions, as well as protein packaging products, for the coffee, pet food and nutrition supplement markets among others.
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Neither of the two companies has disclosed the financial details of the transaction.
ProAmpac founder and CEO Greg Tucker said: “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 research and development (R&D) focused team and relationships with blue-chip multinational customers to ProAmpac’s growing European platform.”
Euroflex CEO Derek Richardson said: “We are thrilled to join ProAmpac and partner with Greg [Tucker] and the entire ProAmpac team.
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By GlobalData“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 aims to leverage Euroflex’s expertise in high-barrier flexible packaging, as well as its R&D capabilities for resealable and retortable packaging.
The acquisition will also expand ProAmpac’s capabilities for manufacturing printed film, lamination and pouching solutions in Ireland.
Based in Cincinnati, Ohio, ProAmpac currently operates 44 sites worldwide, with almost 5,800 employees.
The company, owned by capital market firm Pritzker Private Capital (PPC), serves more than 5,000 customers in 90 countries.
PPC investment partner Chris Trick said: “This acquisition represents an important strategic growth opportunity for ProAmpac in Ireland and Europe.
“Euroflex’s strong portfolio and leading market position [will] strengthen the high-quality offering ProAmpac delivers to its customers.”
Earlier this month, ProAmpac acquired British flexible packaging manufacturer Ultimate Packaging in an effort to expand its flexible food packaging capability and sustainable solutions portfolio.
