ProAmpac Acquires Specialty Packaging, Inc.

Expansion of Paper, Film and Foil Production Capacity Extends Reach With Food Service Customers and Deepens Presence in Southern U.S.

CINCINNATI--(BUSINESS WIRE)--ProAmpac, a leader in flexible packaging and material science, today announced that it has acquired Specialty Packaging, Inc. (“Specialty Packaging”), a family-owned manufacturer of specialty paper, film and foil packaging products for the fast food and food services industries. The addition of Specialty Packaging’s complementary product portfolio and manufacturing capabilities extends ProAmpac’s reach with food service customers and expands its footprint to the southwestern United States.

Based in Fort Worth, Texas, Specialty Packaging is a leading provider of paper, film, foil bags, sandwich wraps, basket liners and other custom products for longtime blue-chip fast food and food service brands. The company produces custom and stock paper, film and foil products from its state-of-the-art 100,000 square-foot facility. With this acquisition, ProAmpac broadens its portfolio of highly customized, recyclable food packaging solutions and increases its paper bag converting capacity.

Greg Tucker, Founder and CEO of ProAmpac, said, “Specialty Packaging has a very complementary offering of high-quality products and a proven commitment to customer service. I am eager to welcome the Specialty Packaging team to the ProAmpac family. We are excited to expand our customer relationships and enhance our manufacturing presence as we work together to strengthen our position as an industry leader in specialty, sustainable packaging.”

“We are pleased to join forces with the ProAmpac team, who values the history of our family-owned business and are committed to our company’s long-term growth,” said Hank Dorris, President at Specialty Packaging. “With ProAmpac’s extensive and comprehensive manufacturing capabilities, we will be able to better serve our existing customers while expanding into exciting new end-markets.”

Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. ProAmpac has over 50 sites globally, with close to 5,800 employees supplying over 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.

Kaitlyn Desai, Vice President at Pritzker Private Capital, added, “This acquisition enhances ProAmpac’s leading position in the food packaging sector. The addition of Specialty Packaging’s highly complementary product lines create a truly exciting combination. We look forward to continuing our strong partnership with Greg and the ProAmpac team and welcome Specialty Packaging to the PPC family.”

About ProAmpac
ProAmpac is a leading global flexible packaging company with a comprehensive product offering, providing creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. ProAmpac’s approach to sustainability – ProActive Sustainability® – provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. We are guided in our work by four core values that are the basis for our success: Integrity, Intensity, Innovation, and Involvement. Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and co-investors. For more information, visit ProAmpac.com or contact [e-mail].

About Specialty Packaging Inc.
Founded in 1964 and based in Fort Worth, Texas, Specialty Packaging manufactures paper, film, foil bags, sandwich wraps and basket liners for the food and food services industries. Specialty Packaging’s high-speed production equipment provides bags, wraps, and liners to hundreds of customer outlets from its state-of-the-art 100,000 square-foot facility. The company specializes in safe, durable and high-quality custom-printed bag, wrap and liner packaging products and is a recipient of Merieux Nutrisciences Gold Award for food safety. For more information, visit our website.

About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm's differentiated, long duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.