ProAmpac acquires UP Paper Group

ProAmpac, one of the global leaders in flexible packaging and material science, has acquired UP Paper, one of the kraft paper producers. Terms of the transaction were not disclosed.

UP Paper, established in 2016, is one of the leading North American producers of 100 percent unbleached recycled kraft paper for packaging applications.

UP Paper and ProAmpac, together will leverage combined fiber and film-based materials science expertise to create environmentally friendly flexible packaging products. Pritzker Private Capital, management, and other co-investors jointly own ProAmpac.

‘The UP Paper team has done an incredible job building this great business. We look forward to building on their existing relationships and production expertise to serve our customer base with a broader suite of sustainable packaging products,’ said Greg Tucker, founder, vice chairman and chief executive officer of ProAmpac.

‘ProAmpac has built an exceptional platform from which we can continue to grow our business,’ added Lars Dannberg, president and CEO of UP Paper. ‘Together, we will have a strong portfolio of paper products and a shared commitment to excellence in customer service. I am confident our current and future customers will benefit from this partnership.’