ProAmpac, a leader in flexible packaging and material science, announces that it has acquired El Dorado Packaging, a leading producer of consumer and industrial multi-wall packaging solutions. Terms of the transaction were not disclosed.
El Dorado manufactures customized paper-based packaging and printing solutions for retail and industrial markets. With three plant locations in Arkansas, Minnesota and Nebraska, El Dorado produces paper self-opening sacks, rollstock for consumer packaging and industrial multi-wall bags for food service, seed, animal health and chemical markets. With this acquisition, ProAmpac expands its multi-wall bag product offering into flour and food ingredients markets, while strengthening its paper packaging capabilities in industrial markets.
Greg Tucker, Founder and CEO of ProAmpac, said, “It’s my pleasure to welcome El Dorado to the growing ProAmpac family. This combination strengthens ProAmpac’s leadership position in the production of multi-wall paper applications. Together with El Dorado, we will enter new end markets, broaden our product offering and serve an expanding customer base with high-quality, innovative flexible packaging solutions.”
Molly Meyer, co-Chief Operating Officer at El Dorado, said, “As a leading paper packaging manufacturer, we’re thrilled to combine our multi-wall bag and rollstock capabilities with ProAmpac’s dynamic portfolio. I look forward to partnering with Greg and the entire ProAmpac and PPC teams to deliver even greater value to our customers.”
Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. The addition of El Dorado is ProAmpac’s third acquisition in 2021. ProAmpac has 41 manufacturing sites globally, with more than 5,200 employees supplying more than 5,500 customers in 90 countries. ProAmpac innovates, engineers and manufactures flexible and sustainable packaging and material science solutions for various consumer, healthcare, e-commerce, retail and industrial goods markets. El Dorado will adopt the ProAmpac brand and will maintain operations at its three manufacturing facilities.
Chris Trick, Investment Partner at Pritzker Private Capital, said, “The acquisition of El Dorado provides ProAmpac with additional manufacturing capacity and capabilities, and will help ProAmpac to continue to deliver reliable and innovative products to its customers. We welcome El Dorado to the ProAmpac and Pritzker Private Capital families.”
Mesirow served as the exclusive financial advisor to El Dorado Packaging Holdings, LLC.
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