The acquisition will allow ProAmpac to expand its operations in Europe and the UK by further improving its existing product offering with a portfolio of sustainability-focused flexible packaging capabilities
Flexible packaging company ProAmpac has acquired Irish Flexible Packaging and Fispak from IFP Investments for an undisclosed sum.
Irish Flexible Packaging and Fispak are Ireland-based companies involved in the manufacturing and supplying of sustainable and flexible packaging solutions for dairy, bakery, meat, fish and cheese markets in Ireland and across the globe.
Irish Flexible Packaging supplies paper-based solutions to customers in the bakery and dairy sectors in Ireland.
Fispak manufactures, converts and distributes food contact food packaging materials such as meat casings, boneguard and linerboard for the meat, cheese and fish industry.
IFP Investments chairman Barry O’Brien said: “The ProAmpac team shares our commitment to sustainability and is the ideal partner for the next phase of Irish Flexible Packaging and Fispak’s growth.
“Our expertise in recyclable food packaging is an exciting complement to ProAmpac’s offering of innovative flexible packaging solutions.”
The acquisition will allow ProAmpac to expand its operations in Europe and the UK by further improving its existing product offering with a portfolio of sustainability-focused flexible packaging capabilities.
The current management teams at both companies will continue in their current roles post-acquisition, stated ProAmpac.
ProAmpac founder and CEO Greg Tucker said: “We are pleased to continue ProAmpac’s expansion in Europe with the addition of Irish Flexible Packaging and Fispak.
“These high-performing businesses strengthen our sustainable packaging capabilities and enhance our ability to serve the leading dairy, bakery, meat and foodservice companies across Europe and beyond. I welcome these talented teams to the ProAmpac family.”
In July this year, ProAmpac acquired Ireland-based Euroflex, which manufactures a range of flexible printed film, lamination and pouching packaging solutions.