The acquisition of Ultimate Packaging will allow ProAmpac to strengthen its position in the flexible food packaging segment
Pritzker Private Capital company ProAmpac has acquired UK-based flexible packaging solutions provider Ultimate Packaging for an undisclosed sum.
Ultimate Packaging provides flexographic and digitally-printed flexible packaging solutions to its customers.
The company has expertise in the development of advanced packaging solutions to enhance product shelf life, convenience and recyclability across a range of product sectors.
Ultimate Packaging founder Nigel Tonge 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.”
The acquisition of Ultimate Packaging will allow ProAmpac to strengthen its position in the flexible food packaging segment, in addition to expanding its portfolio of sustainable solutions and presence across the UK.
ProAmpac stated that Ultimate Packaging is the company’s fourth acquisition this year.
ProAmpac founder and CEO Greg Tucker 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 UK, this combination will help us better serve our customers with an enhanced offering of recyclable and compostable solutions.”
With around 50 global manufacturing sites and 5,800 employees, ProAmpac offers flexible and sustainable packaging and material science solutions for different consumer, healthcare, e-commerce, retail and industrial goods markets.