ProAmpac Acquires Ultimate Packaging
July 5, 2021ProAmpac announced that it has acquired Ultimate Packaging, a pioneer in flexographic and digitally-printed flexible packaging based in the United Kingdom. Terms of the transaction were not disclosed.
Ultimate Packaging is one of the largest independent flexible packaging manufacturers in the U.K., specializing in the development of innovative packaging solutions to increase product shelf life, convenience and recyclability across a range of product sectors. With this acquisition, ProAmpac strengthens its position in flexible food packaging, broadens its portfolio of sustainable solutions and extends its reach across the U.K.
Greg Tucker, Founder and CEO of ProAmpac, said, “Ultimate Packaging’s innovative team and high-quality flexible packaging portfolio are exciting complements to ProAmpac’s growing family. As we expand our reach across the U.K., this combination will help us better serve our customers with an enhanced offering of recyclable and compostable solutions.”
Nigel Tonge, Founder of Ultimate Packaging, said, “As a family-owned business, it was important for us to select a partner who shared our values, commitment to innovation and philosophy of partnership with our customers. We are pleased to work together with Greg and the ProAmpac team to extend our collective market leadership and provide tremendous value to our customers.”
Jeremy Hodson, Managing Director of Ultimate Packaging, said, “The Ultimate operations team and I, who will remain with the company, are looking forward to working with the ProAmpac team to further enhance our customer offering and opportunities for growth.”
Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. The addition of Ultimate Packaging is ProAmpac’s fourth acquisition in 2021. ProAmpac has 44 manufacturing sites globally, with more than 5,800 employees supplying more than 5,000 customers in 90 countries. ProAmpac innovates, engineers and manufactures flexible and sustainable packaging and material science solutions for various consumer, healthcare, e-commerce, retail and industrial goods markets. Ultimate Packaging will adopt the ProAmpac brand and will maintain operations at its manufacturing facility in Grimsby, U.K.
Chris Trick, Investment Partner at Pritzker Private Capital, said, “The acquisition of Ultimate Packaging is ProAmpac’s third acquisition in the U.K. this year. We are pleased to continue our partnership with ProAmpac as the company further strengthens its offering of sustainable flexible packaging solutions.”