Pritzker Group Completes Acquisition of ProAmpac
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Pritzker Group Private Capital, Chicago, Ill., USA, this week announced the successful completion of its acquisition of ProAmpac, Cincinnati, Ohio, a global flexible packaging company, from Wellspring Capital Management, New York, N.Y. 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.
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 a diversified global packaging company with more than 2,400 employees and 18 manufacturing centers in North America, Europe, and Asia.
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 U.S.; and Asset Management, which partners with top-performing investment managers across global public markets.
