The terms of the transaction were not made public. Credit: Marian Fil via Shutterstock.

ProAmpac, a flexible packaging and material science company, has announced the acquisition of North American recycled kraft paper producer UP Paper. 

Located in Manistique, Michigan, UP Paper produces 100% unbleached recycled kraft paper for packaging applications.  

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The company, which was established in 2016, caters to customers in the e-commerce, foodservice and consumer retail markets. 

ProAmpac founder, vice-chair and CEO Greg Tucker said: “The UP Paper team has done an incredible job building this great business. 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.” 

The collaboration between UP Paper and ProAmpac is expected to harness their combined expertise in fibre and film-based materials science to develop environmentally friendly flexible packaging solutions.  

The financial details of the transaction have not been disclosed.  

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UP Paper president and CEO Lars Dannberg said: “ProAmpac has built an exceptional platform from which we can continue to grow our business. 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, jointly owned by Pritzker Private Capital, management and other coinvestors, offers its packaging solutions and customer service to a diverse global marketplace. 

The company is headquartered in Cincinnati, US. 

Last week, ProAmpac signed a definitive agreement to acquire Gelpac, a producer of polywoven packaging products and multiwall paper.