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Packaging giant ProAmpac continues to find investment opportunities in the UK.
Cincinnati-based ProAmpac said on March 22 that it acquired IG Industries plc and Brayford Plastics Ltd., two UK-based packaging companies.
In January, ProAmpac purchased Rapid Action Packaging Ltd. (RAP), a Wimbledon, England-based manufacturer of cellulose-based food packaging products for retail prepared foods.
The terms of the latest transactions were not disclosed. ProAmpac officials said in a press release that IG and Brayford have a large portfolio of recyclable packaging products.
The two companies are the leading suppliers of flexible packaging to the bakery, meat, fish, poultry and fresh produce markets in the UK and Western Europe, they added.
The acquisitions expand ProAmpac’s manufacturing capabilities for plastic films, resealable bags and pre-made pouches, officials said. They added that the agreements “extend [ProAmpac’s] a leading commitment to provide customers with a wide range of recyclable packaging products. “
“With their production of high quality films, excellent quality standards, and innovations in research and development, IG and Brayford will help ProAmpac deliver even more value and a vertically integrated experience to our growing customer base,” said Greg Tucker , founder and CEO of ProAmpac in the Liberation.
IG Managing Director Ahmad Lari said his company has been a family business for 32 years and “it was extremely important for us to find a partner with very similar values and philosophy”. Brayford Managing Director John Lyon said the agreement “will allow Brayford to further deepen our existing customer relationships and broaden our reach.”
IG is located on a 36 acre site in Brigg, England. The company has storage space for 5,600 pallets. Brayford is based in Dunholm, England, and was founded in 1969 when a group of local businessmen decided to make bags for locally grown produce. Following the transaction, IG and Brayford will adopt the ProAmpac brand and continue to operate at their manufacturing facilities in the UK.
The additions of IG and Brayford give ProAmpac a total of 38 manufacturing sites worldwide, with nearly 4,900 employees serving more than 5,000 customers in 90 countries. ProAmpac innovates, designs and manufactures flexible and sustainable packaging and materials science solutions for a variety of consumer, healthcare, e-commerce, retail and industrial product markets.
ProAmpac is owned by Pritzker Private Capital of Chicago with management and other co-investors. Chris Trick, Pritzker investment partner, said IG and Bradford “are very complementary additions to ProAmpac and the Pritzker Private Capital families”.
ProAmpac is the ninth largest film and sheet manufacturer in North America, with plastics-related sales of just under $ 1 billion in 2019, according to Plastics news The data. The company manufactures flexible and durable packaging for a wide variety of applications.
In addition to ProAmpac, PPC’s other holdings include major plastics companies Plaskolite LLC of Columbus, Ohio, and Technimark LLC of Asheboro, NC Plaskolite is a leading sheet producer, while Technimark is a major molding player. by injection. PPC also owns an interest in Vertellus, an Indianapolis-based company whose plastic-related products include copolymer additives and bioplasticizers.
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