CINCINNATI–(Business WIRE)–Jan 19, 2021–
ProAmpac, a chief in flexible packaging and material science, nowadays declared the completion of a new investment from Pritzker Personal Funds (“PPC”), a leader in spouse and children direct investing, strengthening their profitable multi-calendar year partnership. PPC obtained ProAmpac alongside administration in 2016. GIC, Singapore’s sovereign prosperity fund, as perfectly as current and new co-investors invested along with PPC and ProAmpac management to assistance ProAmpac’s following section of development. Terms have been not disclosed.
Subsequent its new acquisitions of Rosenbloom Groupe and Swift Motion Packaging, Cincinnati-primarily based ProAmpac now has 37 sites globally, with approximately 4,800 workers giving additional than 5,000 clients in 90 nations. ProAmpac innovates, engineers and manufactures adaptable and sustainable packaging and materials science methods for several customer, health care, e-commerce, retail and industrial products marketplaces. ProAmpac’s administration team, led by Founder and CEO Greg Tucker, will carry on to guide the small business.
“Both ProAmpac and PPC are staff-centric organizations and we keep on being aligned in our values-dependent culture and management approach. We are happy to improve and carry on our successful partnership with PPC,” said Mr. Tucker. “This expense will assist ProAmpac continue on our growth, including foreseeable future acquisitions and growth into new geographies. With the ongoing assist of our strategic partners, we will enrich our very best-in-class products providing and commitment to provide our shoppers with sustainable options for their custom packaging requirements.”
Tony Pritzker, Chairman and CEO at Pritzker Personal Money, said, “ProAmpac proceeds to be a market place leader in manufacturing significant-high-quality sustainable, adaptable packaging for its customers all over the environment. We are thrilled to go on our partnership with Greg and the ProAmpac team. We appear ahead to performing collectively with new lover GIC to discover and pursue future strategic expansion opportunities for this terrific enterprise.”
Arjun Khullar, Head of Built-in Procedures Team at GIC, stated, “ProAmpac is between the largest players in flexible packaging, a growth region in the broader packaging market place. The enterprise has a demonstrated observe file in assembly its diversified customers’ requirements for extra personalized packaging, as very well as a very clear commitment to sustainability. We are pleased to be a part of Pritzker Non-public Money, co-investors and ProAmpac’s administration workforce to assist the company via its following stage of its expansion.”
Goldman Sachs & Co. LLC advised ProAmpac on the transaction.
ProAmpac is a foremost world versatile packaging enterprise with a comprehensive item giving, giving artistic packaging methods, market-top buyer support and award-winning innovation to a assorted world marketplace. ProAmpac’s approach to sustainability – ProActive Sustainability® – gives modern sustainable adaptable packaging products to aid our shoppers obtain their sustainability ambitions. We are guided in our perform by four core values that are the foundation for our success: Integrity, Depth, Innovation, and Involvement. Cincinnati-dependent ProAmpac is owned by Pritzker Private Capital together with management and co-investors. For far more information, take a look at ProAmpac.com or contact [email protected].
About Pritzker Non-public Money
Pritzker Personal Cash partners with center-market place corporations primarily based in North The united states with primary positions in the created goods, expert services and health care sectors. The firm’s differentiated, extended-length money foundation makes it possible for for successful final decision-building, broad versatility with transaction composition and investment horizon, and alignment with all stakeholders. Pritzker Personal Cash builds enterprises for the extensive expression and is an excellent associate for entrepreneur- and family-owned firms. Pritzker Non-public Funds is a signatory to the United Nations Rules for Responsible Expenditure (PRI). For far more data, check out PPCPartners.com.
GIC is a foremost world-wide expense business recognized in 1981 to deal with Singapore’s foreign reserves. As a disciplined prolonged-phrase benefit investor, GIC is uniquely positioned for investments throughout a vast array of asset classes, which includes equities, fastened cash flow, personal equity, true estate and infrastructure. GIC invests by means of cash and specifically in providers, partnering with its fund administrators and administration teams to aid environment-course corporations reach their goals. GIC has investments in about 40 international locations and has been investing in emerging marketplaces for a lot more than two decades. Headquartered in Singapore, GIC employs over 1,700 people across 10 workplaces in key fiscal metropolitan areas globally. For more info about GIC, you should check out www.gic.com.sg.
Director, Company Communications – ProAmpac
Key word: UNITED STATES NORTH America OHIO
Sector Key word: Qualified Companies PACKAGING Chemical compounds/PLASTICS OTHER Qualified Providers Production FINANCE
Copyright Organization Wire 2021.
PUB: 01/19/2021 09:00 AM/DISC: 01/19/2021 09:01 AM
Copyright Business Wire 2021.