ProAmpac to acquire bagmaker Gelpac from Canadian investor group

Cincinnati-based packaging-converting giant ProAmpac and Gelpac, a leading Quebec-based maker of multiwall paper and poly-woven packaging products (above), sign an agreement where ProAmpac will acquire Gelpac from an investor group led by NAMAKOR Holdings, including Groupe W Investissements and CDPQ.

The strategic acquisition of Gelpac’s production capabilities and high-performance paper and poly products will offer increased capacity and broaden ProAmpac’s product portfolio for customers across the United States and Canada. Combining Gelpac and ProAmpac will allow the company to better serve customers in the high-growth food and beverage, agriculture, industrial and pharmaceutical markets.

“Gelpac shares ProAmpac’s commitment to serve customers across the U.S. and Canada with high-performance, sustainability-focused flexible packaging solutions,” says Greg Tucker, Founder, Vice Chairman and Chief Executive Officer of ProAmpac. “Gelpac’s talented management team has a 20-year track record of working together to build this strong business, and I am delighted to welcome them to the ProAmpac family.”

Founded in 1956 and operating six facilities in the US and Canada, Gelpac serves a growing and diversified customer base with a broad portfolio of multiwall paper-bag and polyethylene-packaging solutions (above). The company has built a stellar reputation for performance, a flexible business model with the ability to serve short- and long-run customers, turnkey capabilities and a deep commitment to innovation and sustainability. Gelpac will maintain its operational presence and head office in Quebec post-closing.