ProAmpac Completes Acquisition of Pactech Packaging
CINCINNATI, April 10, 2018 – ProAmpac, one of the nation’s largest and fastest-growing flexible packaging manufacturers, today announced the acquisition of Pactech Packaging (Pactech), a Rochester, New York-based manufacturer specializing in pouch converting. Pactech’s products complement ProAmpac’s existing flexible packaging offerings, which primarily serve the medical, industrial and consumer packaged goods markets. Financial terms of the deal were not disclosed.
“The acquisition of Pactech expands ProAmpac’s flexible packaging pouch manufacturing capabilities in dispensing and clean-environment production. In addition, the deal expands our short-run capabilities, allowing us to better serve our customers,” said ProAmpac CEO Greg Tucker.
Sachin Desai, President of Mergers, Acquisitions and Manufacturing Services for ProAmpac, added, “ProAmpac is focused on expanding our product and manufacturing competencies across our flexible product offerings, but the culture has to work. When I met Pactech CEO Chad Buchta and the whole Pactech team for the first time, I was confident we had a winner and am excited to have them join the ProAmpac family.”
“As an employee-centric business, it was important for us to join with a company that understood this. ProAmpac’s values drive its culture and that is a perfect fit for our employees and our customers,” added Buchta.
Cincinnati-based ProAmpac, one of the top 10 flexible packaging converters in the United States, is owned by PPC Partners along with management and other co-investors. With the acquisition of Pactech, ProAmpac has 28 manufacturing sites globally with nearly 3,400 employees supplying more than 5,000 customers in 90 countries. ProAmpac primarily manufactures flexible products servicing various consumer, retail and industrial goods markets and also provides secure packaging for the transport of cash and valuables.
Pactech, which began manufacturing innovative flexible packaging in 1993, has expertise in pouch fitment and dispensing technology. The business will become part of the ProAmpac brand and operate under Chief Commercial Officer Adam Grose.
“Pactech’s innovation and quality pouch converting is a natural fit for ProAmpac,” Grose said. “Pactech’s world-class pouch manufacturing facility enhances our spouting, medical capabilities and customer-focused approach to Flexible Packaging.”
Chris Trick, principal of PPC Partners’ Manufactured Products group, said, “ProAmpac’s track record of successfully acquiring and integrating industry leaders and its focus on innovation are well-known. The acquisition of Pactech underscores our commitment to delivering the best possible products and service to ProAmpac’s customers.”
ProAmpac is a leading global flexible packaging company with a comprehensive product offering unparalleled in the industry. We provide creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. We are guided in our work by four core values that are the basis for our success: Integrity, Intensity, Innovation and Involvement. For more information, visit proampac.com.
About Pactech Packaging
Rochester, New York-based Pactech Packaging (Pactech) is a manufacturer specializing in pouch converting. Started in 1993, the company has expertise in pouch fitment and dispensing technology. For more information, visit pactechpackaging.com.
About PPC Partners
PPC Partners acquires and operates North America-based middle-market companies with leading positions in the manufactured products, services and healthcare sectors. Led by Tony Pritzker and the former investment and operating professionals of Pritzker Group Private Capital, the firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. PPC Partners builds businesses for the long-term and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit PPCPartners.com.
Contact InformationURL: www.proampac.com