ProAmpac, a global player in flexible packaging and material science, and PAC Worldwide (PAC), an innovative flexible packaging solutions provider, today announced the signing of a definitive agreement under which ProAmpac will acquire PAC Worldwide. Terms of the transaction were not disclosed.
The integration of ProAmpac and PAC represents a strategic step forward in delivering fully integrated packaging solutions, spanning materials production, recycled paper mills, film, converting, and customer support. Together, the combined company significantly expands its geographic reach and enhances vertical integration across ecommerce, consumer packaged goods, and industrial markets.
Customers will benefit from expanded access to advanced blown film, recycled paper, lamination, printing, and converting assets, as well as secure and sustainable paper-based packaging solutions. Leveraging leading material science expertise, ProAmpac and PAC are well positioned to help customers meet evolving sustainability goals, comply with Extended Producer Responsibility requirements, and access next-generation packaging innovations.
“This is a transformational moment for our companies. By combining ProAmpac and PAC, we are creating unmatched packaging capabilities that deliver greater flexibility, sustainability, and innovation,” said Greg Tucker, ProAmpac founder, vice chairman, and chief executive officer. “Together, we can accelerate material science advancements and deliver solutions that help our customers achieve their most ambitious goals.”
“Partnering with ProAmpac will help us scale faster and deliver even more value. Together, we’ll meet growing global demand for innovative and sustainable packaging,” said Jim Boshaw, PAC’s chief executive officer.
Headquartered in Redmond, Washington, PAC Worldwide is a global innovator in the development and manufacturing of customized flexible packaging solutions. The company specializes in producing protective mailers and specialty packaging for ecommerce, courier, and retail applications, with product offerings spanning polyethylene, paper, and bubble-lined packaging. With more than 1,300 employees and seven manufacturing facilities located in the United States, Mexico, and Malaysia, PAC brings to ProAmpac a global manufacturing network, including a significant presence in the Pacific Northwest region.
The transaction is subject to regulatory approval and customary closing conditions and is expected to close in the coming weeks.
