Pritzker Group Private Capital said Nov. 21 that it completed its buy of ProAmpac. Wellspring Capital Management was the seller. The deal was signed in October. Cincinnati-based ProAmpac is a flexible packaging company.
CHICAGO, Nov. 21, 2016 – Pritzker Group Private Capital today announced the successful completion of its acquisition of ProAmpac, a leading global flexible packaging company, from Wellspring Capital Management. Pritzker Group Private Capital signed a definitive acquisition agreement to acquire ProAmpac in October.
Pritzker Group and other co-investors are now invested alongside the ProAmpac management team, which remains a significant shareholder, continues to lead the company and serves on its board of directors.
Headquartered in Cincinnati, Ohio, ProAmpac operates under the Prolamina, Ampac and Tulsack brands and has more than 2,400 employees across 18 manufacturing locations in North America, Europe and Asia. The company offers a broad range of products and capabilities and its technology-driven, innovative, flexible packaging solutions make it a leader in the food, medical, pet food, security, industrial and specialty retail markets.
ProAmpac is steadfast in its unwavering commitment to provide creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. It is a diversified global packaging company with more than 2,400 employees and 18 manufacturing centers in North America, Europe and Asia. For more information, visit ProAmpac.com.
About Pritzker Group
Pritzker Group, led by Tony and J.B. Pritzker, has three principal investment teams: Private Capital, which acquires and operates leading North America-based companies; Venture Capital, which provides early-stage and growth venture funding to technology companies throughout the United States; and Asset Management, which partners with top-performing investment managers across global public markets.
Pritzker Group Private Capital acquires North America-based middle-market companies with leading positions in the manufactured products, services and health care sectors. The firm’s permanent, proprietary capital base allows for efficient decision making, broad flexibility with transaction structure and investment horizon, and alignment with management teams focused on creating long-term value. Pritzker Group brings significant resources, expertise and credibility in building businesses and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit pritzkergroup.com.