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International Paper offloads bag converting to ProAmpac
Yahoo Financeยท 2025-10-20 10:00
Group 1 - ProAmpac is a global flexible packaging specialist headquartered in Cincinnati, operating under Pritzker Private Capital since 2016, with over 50 manufacturing sites [2] - The company generates a little over two-thirds of its total revenue from recyclable products, as stated in its 2025 Impact Report [2] - ProAmpac's recent acquisitions include PAC Worldwide, a specialist in e-commerce packaging, and UP Paper, a recycled kraft paper producer, along with Gelpac, which produces multiwall paper and poly-woven packaging [2] Group 2 - ProAmpac's "fiberization" strategy aims to expand into less common applications for fiber-based packaging, such as frozen foods and overwraps, while also offering to-go food containers and cold cuts packs [3] - The acquisition of International Paper's bag converting operations marks ProAmpac's first expansion into California, enhancing its portfolio in kraft paper bags [4] - This expansion allows ProAmpac to provide more customized solutions for grocery, convenience store, and quick-service restaurant customers, including handled shopping bags and self-opening sacks [4]