On 6 July 2018, Propapier, a company belonging to Progroup AG, awarded the contract for its new...
ProAmpac completes acquisition of Pactech Packaging
ProAmpac, one of US 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.”