ProAmpac Acquires IG Industries and Brayford Plastics to Accelerate its Growth in the UK and Europe
ProAmpac, a leader in flexible packaging and material science, announced that it has acquired IG Industries PLC and Brayford Plastics Ltd., private businesses based in the United Kingdom that produce a broad portfolio of recyclable packaging products. Terms of the transaction were not disclosed.
IG Industries and Brayford Plastics are leading suppliers of flexible packaging products for the bakery, meat, fish, poultry and fresh produce markets across the U.K. and Western Europe. This acquisition expands ProAmpac’s manufacturing capabilities for plastic film, resealable bags and premade pouches, and extends its industry-leading commitment to provide customers with a broad offering of recyclable packaging products. With its vertically integrated platform, ProAmpac can better serve its U.K. and European customers throughout the entire value chain.
Greg Tucker, Founder and CEO of ProAmpac, said, “We’re thrilled to welcome the IG Industries and Brayford Plastics teams to the ProAmpac family. These strong businesses broaden our product offering and expand our reach across the U.K. and Europe. With their production of high-quality films, excellent quality standards and research and development innovations, IG and Brayford will help ProAmpac deliver even greater value and a vertically integrated experience to our growing customer base.”
Ahmad Lari, Managing Director of IG, said, “IG is a family business of 32 years and it was extremely important for us to find a partner with very similar values and philosophy, and ProAmpac’s integrity and professionalism provided our family business and management team just that. Our partnership with ProAmpac will enable us to leverage our strong customer, supplier and staff relationships to allow us to compete internationally, and we look forward to working with Greg and his team to meet the needs of our customers while creating growth opportunities for our staff.”
John Lyon, Managing Director of Brayford Plastics, said, “This combination will allow Brayford to further deepen our existing customer relationships and expand our reach. On behalf of the Brayford team, I am confident in the continued growth prospects for our business and excited to join the ProAmpac family.”
Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. With the addition of IG Industries and Brayford Plastics, ProAmpac has 38 manufacturing sites globally, with nearly 4,900 employees supplying more than 5,000 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. IG Industries and Brayford Plastics will adopt the ProAmpac brand and will maintain operations at its manufacturing facilities in the U.K.
Chris Trick, Investment Partner at Pritzker Private Capital, said, “IG Industries and Brayford Plastics are highly complementary additions to the ProAmpac and the Pritzker Private Capital families. These leading businesses strengthen the sustainability-focused offerings ProAmpac provides to its customers and will provide ProAmpac with important scale across the U.K. and Europe. We look forward to a strong partnership together.”
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Packaging Impressions.
