ProAmpac created from Prolamina and Ampac merger

Wellspring Capital Management, a New York-based private equity firm, acquired Ampac and merged it with existing portfolio business Prolamina to create a flexible packaging company with a strategic geographical footprint and enhanced product offering that is ‘unparalleled in the industry’.

ProAmpac includes four brand divisions: Prolamina, Ampac, Tulsack and Business Deposits Plus. Together, they offer options in flexible packaging for the food, pet food and medical markets, secure packaging for cash management, loss prevention and transportation of valuables and documents, and retail paper and plastic shopping bags.

ProAmpac will operate as the corporate parent company of the four divisions. In addition, Prolamina’s Terrebonne, Quebec, Canada site location will transition to the Ampac division, as its product offerings align with the adhesive laminated rollstock and pouching served by Ampac.

‘The ProAmpac name allows us to clearly reinforce our commitment to the flexible packaging industry while building on the momentum that our two merged companies provide,’ said ProAmpac CEO Greg Tucker.

‘Using our core values of “integrity, intensity, innovation and involvement”, we can leverage the strengths of all our brand divisions, as well as our skilled teammates, for a greater global impact.’