ProAmpac, which is owned by PPC Partners, has acquired Tennessee-based Gateway Packaging Company, a flexible packaging and technical products company. No financial terms were disclosed.
CINCINNATI–(BUSINESS WIRE)–ProAmpac, one of the nation’s largest and fastest-growing flexible packaging companies, today announced the acquisition of Gateway Packaging Company (Gateway), a flexible packaging and technical products company headquartered in White House, Tennessee. Gateway is one of the largest pet food packaging manufacturers in North America offering a wide array of products including multi-wall bags, stand-up pouches, small- and large-format quad-seal bags, box pouches, roll stock, treat bags, and hybrid bags. Gateway’s products are also sold to the human care and institutional markets.
Greg Tucker, CEO of ProAmpac, said, “The acquisition of Gateway expands our product offering with the addition of multi-wall bags while also increasing our manufacturing capacity of several pouch formats. Gateway will allow us to deliver even more value and services to our customers.”
Cincinnati-based ProAmpac is owned by PPC Partners along with management and other co-investors. With the addition of Gateway, ProAmpac has 33 sites globally with nearly 3,700 employees supplying more than 5,000 customers in 90 countries. ProAmpac manufactures flexible packaging for various consumer, retail and industrial goods markets and also provides secure packaging for the transport of cash and valuables. Gateway will be integrated into ProAmpac’s Extrusion and Laminations division, led by division President Tom Loewald.
“Gateway has a reputation for innovation, responsive customer service and quality. Couple that with our industry-leading converting expertise, and customers now have an unrivaled source for flexible packaging products within ProAmpac,” stated Loewald.
“Gateway’s talented team, multi-wall bag converting expertise, and presence in pet and institutional markets will add to ProAmpac’s competencies and existing customer base. This acquisition will create value and opportunity for both organizations,” stated Omar Abuaita, president and Chief Executive Officer of Gateway.
ProAmpac is a leading global flexible packaging company with a comprehensive product offering unparalleled in the industry. We provide creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. We are guided in our work by four core values that are the basis for our success: Integrity, Intensity, Innovation and Involvement. For more information, visit proampac.com.
Gateway Packaging is a rapidly growing, progressive company with a long history of success working with top food manufacturers to solve their flexible packaging problems. We are a full-service packaging solutions company. Customers benefit from our ability to take their projects from concept to completion. For more information, visit gatewaypackaging.com.
About PPC Partners
PPC Partners acquires and operates North America-based middle-market companies with leading positions in the manufactured products, services and healthcare sectors. Led by Tony Pritzker and the former investment and operating professionals of Pritzker Group Private Capital, 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. PPC Partners builds businesses for the long-term and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit PPCPartners.com.