Pritzker Group Finalizes Acquisition of ProAmpac
Pritzker Group Private Capital has successfully completed its acquisition of ProAmpac, a leading global flexible packaging company, from Wellspring Capital Management. Pritzker Group Private Capital signed a definitive acquisition agreement to acquire ProAmpac in October.
Pritzker Group and other co-investors are now invested alongside the ProAmpac management team, which remains a significant shareholder, continues to lead the company and serves on its board of directors.
Headquartered in Cincinnati, ProAmpac operates under the Prolamina, Ampac and Tulsack brands and has more than 2,400 employees across 18 manufacturing locations in North America, Europe and Asia. The company offers a broad range of products and capabilities and its technology-driven, innovative, flexible packaging solutions make it a leader in the food, medical, pet food, security, industrial and specialty retail markets.
Source: Pritzker Group Private Capital.
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