PE-backed Packaging Dynamics buys Pac Paper

Packaging Dynamics, a portfolio company of Kohlberg & Company, has acquired Pac Paper. No financial terms were disclosed. Based in Vancouver, Wash., Pac Paper is provider of paper packaging products for foodservice, food processing, agricultural and industrial applications.

PRESS RELEASE

CHICAGO, April 14, 2014 /PRNewswire/ — Packaging Dynamics Corporation (the “Company” or “Packaging Dynamics”) today announced the acquisition of the business operations of Pac Paper, Inc. (“Pac Paper”). Pac Paper, located in Vancouver, Washington, manufactures and sells a broad range of specialty paper packaging products primarily for foodservice, food processing, agricultural, and industrial applications.
“The acquisition of Pac Paper represents an exciting step in the development of Packaging Dynamics,” commented Roger Prevot, Packaging Dynamics’ Chief Executive Officer. “Pac Paper provides a unique opportunity for growth in the Pacific Northwest and Western Canada along with leading positions in key products and end-markets. We look forward to using these expanded offerings and capabilities to better meet the needs of customers across our entire flexible packaging business. We are pleased to welcome the management and employees of Pac Paper to our company.”
“After nearly four decades of growing and developing the Pac Paper business in support of our outstanding customers, the shareholders of Pac Paper have decided to partner with the industry leader in paper-based flexible packaging for the next phase of the business’ growth,” said David Morgan, Pac Paper’s Vice President of Sales & Marketing. “We are truly excited to join Packaging Dynamics and look forward to leveraging its capabilities and national footprint to expand penetration of our product line, which includes the Java Jacket® coffee sleeve,” added Robert McNally, Pac Paper’s CEO/President.
About Packaging Dynamics Corporation
Packaging Dynamics is a leading flexible packaging providing innovative solutions to customers in each of its business units – BagcraftPapercon, International Converter, De Luxe Packaging, and General Packaging Products. Packaging Dynamics is a portfolio company of private investment firm Kohlberg & Company. For more information, visit our website at www.pkdy.com.
About Pac Paper, Inc.
Pac Paper is a leader in flexible paper packaging for foodservice, food processing, agricultural, and industrial applications. Pac Paper’s foodservice packaging product line includes the Java Jacket® coffee sleeve. For more information, visit our website at www.pacpaperinc.com.

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