The two companies will leverage combined fiber and film-based materials science expertise to create environmentally friendly flexible packaging products.
Acquisition will broaden ProAmpac’s product portfolio for customers across the United States and Canada and will allow the company to better serve customers in the high-growth food and beverage, agriculture, industrial and pharmaceutical end markets.
Leading manufacturer and supplier of rigid plastic-molded packaging products seeks to use M&A as a strategic tool to drive inorganic growth – as a complement to continued organic growth – with the goal of doubling sales by 2030.
Packaging Strategies spoke with Thomas Blaige, founder of Blaige Industry Analytics LLC, and Ron Giordano, a senior executive adviser at Blaige, to get an overview of M&A in the packaging industry.
Investors are gaining clarity on several points of uncertainty in the sector that have limited their investing appetite, and the private equity community appears ready to reemerge in the space.