PROAMPAC
US film and packaging maker continues shopping spree in Europe / Acquisition of IFP, Fispak
Good enough to eat: packaging solutions for burger buns (Photo: IFP) |
US film and packaging manufacturer ProAmpac (Cincinnati, Ohio; www.proampac.com) has acquired two Irish competitors, Irish Flexible Packaging (IFP, Wicklow; www.irishflexiblepackaging.com) and Fispak (Dublin; www.fispak.com), from Luxembourg-based IFP Investments, which took ownership of the two flexible packaging manufacturers in 2019. Financial details of the deal were not disclosed.
Irish Flexible Packaging has made a name for itself as a provider of paper-based solutions for butter, but like Fispak it also produces various flexible plastic packaging for the food industry.
With these acquisitions, ProAmpac is pushing ahead with its strategy to expand in Europe and the UK: following the acquisitions of several British competitors (see Plasteurope.com of 19.07.2021 and 29.03.2021), ProAmpac most recently took control of Euroflex (Bunbeg / Ireland; www.euroflex.ie), an Irish manufacturer of vacuum bags for the food industry (see Plasteurope.com of 02.08.2021).
The US company, which is majority-owned by investment firm Pritzker Private Capital, has around 5,800 employees and almost 50 locations worldwide.
Irish Flexible Packaging has made a name for itself as a provider of paper-based solutions for butter, but like Fispak it also produces various flexible plastic packaging for the food industry.
With these acquisitions, ProAmpac is pushing ahead with its strategy to expand in Europe and the UK: following the acquisitions of several British competitors (see Plasteurope.com of 19.07.2021 and 29.03.2021), ProAmpac most recently took control of Euroflex (Bunbeg / Ireland; www.euroflex.ie), an Irish manufacturer of vacuum bags for the food industry (see Plasteurope.com of 02.08.2021).
The US company, which is majority-owned by investment firm Pritzker Private Capital, has around 5,800 employees and almost 50 locations worldwide.
09.11.2021 Plasteurope.com [248949-0]
Published on 09.11.2021