ProAmpac Announces New Investment decision from Pritzker Non-public Capital | Enterprise
4 min readCINCINNATI–(Organization WIRE)–Jan 19, 2021–
ProAmpac, a leader in flexible packaging and materials science, today announced the completion of a new financial commitment from Pritzker Private Money (“PPC”), a leader in household direct investing, strengthening their thriving multi-12 months partnership. PPC acquired ProAmpac along with management in 2016. GIC, Singapore’s sovereign prosperity fund, as well as current and new co-investors invested alongside PPC and ProAmpac management to support ProAmpac’s future phase of development. Phrases have been not disclosed.
Pursuing its new acquisitions of Rosenbloom Groupe and Immediate Motion Packaging, Cincinnati-primarily based ProAmpac now has 37 web pages globally, with nearly 4,800 employees giving extra than 5,000 buyers in 90 nations. ProAmpac innovates, engineers and manufactures flexible and sustainable packaging and substance science answers for several purchaser, health care, e-commerce, retail and industrial merchandise marketplaces. ProAmpac’s administration crew, led by Founder and CEO Greg Tucker, will carry on to direct the enterprise.
“Both ProAmpac and PPC are employee-centric businesses and we continue to be aligned in our values-primarily based culture and management tactic. We are pleased to strengthen and continue on our successful partnership with PPC,” claimed Mr. Tucker. “This expenditure will support ProAmpac proceed our expansion, which includes long term acquisitions and expansion into new geographies. With the continued assist of our strategic associates, we will boost our ideal-in-course item supplying and determination to provide our consumers with sustainable options for their tailor made packaging requires.”
Tony Pritzker, Chairman and CEO at Pritzker Personal Cash, said, “ProAmpac carries on to be a sector leader in manufacturing higher-high quality sustainable, flexible packaging for its clients all over the globe. We are thrilled to continue our partnership with Greg and the ProAmpac workforce. We appear forward to functioning alongside one another with new partner GIC to identify and go after future strategic development options for this fantastic organization.”
Arjun Khullar, Head of Built-in Techniques Team at GIC, said, “ProAmpac is amongst the most significant gamers in flexible packaging, a growth area within the broader packaging sector. The company has a confirmed observe document in assembly its diversified customers’ needs for extra customized packaging, as very well as a very clear motivation to sustainability. We are delighted to be part of Pritzker Private Capital, co-investors and ProAmpac’s management workforce to assist the business by its following section of its growth.”
Goldman Sachs & Co. LLC encouraged ProAmpac on the transaction.
About ProAmpac
ProAmpac is a top world-wide adaptable packaging firm with a thorough product or service providing, delivering creative packaging answers, marketplace-foremost client company and award-successful innovation to a varied worldwide market. ProAmpac’s technique to sustainability – ProActive Sustainability® – gives revolutionary sustainable flexible packaging products to help our clients attain their sustainability plans. We are guided in our get the job done by 4 main values that are the foundation for our results: Integrity, Depth, Innovation, and Involvement. Cincinnati-dependent ProAmpac is owned by Pritzker Personal Funds alongside with administration and co-traders. For extra data, stop by ProAmpac.com or get in touch with [email protected].
About Pritzker Non-public Capital
Pritzker Personal Capital associates with middle-sector corporations dependent in North The united states with leading positions in the manufactured products, services and health care sectors. The firm’s differentiated, very long-period capital foundation makes it possible for for successful conclusion-producing, broad overall flexibility with transaction composition and investment decision horizon, and alignment with all stakeholders. Pritzker Private Cash builds companies for the extensive term and is an ideal husband or wife for entrepreneur- and household-owned firms. Pritzker Private Cash is a signatory to the United Nations Ideas for Accountable Expenditure (PRI). For a lot more information, visit PPCPartners.com.
About GIC
GIC is a major world wide financial investment company established in 1981 to deal with Singapore’s overseas reserves. As a disciplined extended-time period price investor, GIC is uniquely positioned for investments throughout a wide selection of asset classes, such as equities, fastened cash flow, personal fairness, authentic estate and infrastructure. GIC invests as a result of resources and straight in businesses, partnering with its fund managers and management groups to assist world-class organizations reach their aims. GIC has investments in more than 40 nations around the world and has been investing in emerging markets for much more than two many years. Headquartered in Singapore, GIC employs around 1,700 individuals throughout 10 places of work in vital economic metropolitan areas all over the world. For additional data about GIC, be sure to go to www.gic.com.sg.
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Director, Company Communications – ProAmpac
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