ProAmpac Acquires Belle-Pak Packaging

Expands Presence in Canada and Strengthens Flexible Packaging Capabilities for High-Growth E-Commerce, Healthcare and Logistics End Markets

ProAmpac, a leader in flexible packaging and material science, today announced that it has acquired Belle-Pak Packaging (“Belle-Pak”), an award-winning manufacturer of flexible packaging products. With the addition of Belle-Pak, ProAmpac expands its growing presence in Canada and extends its reach in high-growth e-commerce, healthcare and logistics end markets.

Based in Ontario, Canada, Belle-Pak’s diverse portfolio of flexible packaging products includes poly mailers for e-commerce and logistics services, packing list envelopes and custom medical and clinical bags. This acquisition allows ProAmpac to serve a broader base of category-leading customers across North America with high-quality and innovative flexible packaging solutions.

Greg Tucker, Founder and CEO of ProAmpac, said, “I am pleased to welcome the talented Belle-Pak team to ProAmpac as we continue our growth in Canada and embark on this exciting partnership. With Belle-Pak’s advanced technology and efficient manufacturing capabilities, our combined company will be well-positioned for continued growth and operational excellence.”

Yves Nahmias, CEO of Belle-Pak, added, “Greg and the ProAmpac team are the perfect partners for Belle-Pak’s next chapter. Our strength in the e-commerce, logistics and healthcare end markets complements ProAmpac’s leadership in product innovation and manufacturing scale. ProAmpac’s culture, along with its partnership post-transaction, are the perfect match for the long-term success of Belle-Pak and its employees. Together, we will bring an unmatched portfolio of products to even more customers in our markets.”

Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. ProAmpac has nearly 50 sites globally, with over 7,000 employees supplying over 6,500 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. This acquisition continues ProAmpac’s expansion strategy in Canada following its acquisitions of Rosenbloom Groupe Inc., Hymopack Ltd. and Dyne-A-Pak in December 2020.

Kaitlyn Desai, Vice President at Pritzker Private Capital, added, “This strategic acquisition adds valuable customer relationships to ProAmpac and positions the combined company for long-term growth in attractive end markets. We are pleased to continue our strong partnership with Greg and the ProAmpac team.”

About ProAmpac

ProAmpac is a leading global flexible packaging company with a comprehensive product offering, providing creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. ProAmpac’s approach to sustainability – ProActive Sustainability® – provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. We are guided in our work by five core values that are the basis for our success: Integrity, Intensity, Innovation, Involvement and Impact. Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and co-investors. For more information, visit ProAmpac.com or contact Media@ProAmpac.com.

About Belle-Pak

Founded in 1991, Belle-Pak Packaging is an award-winning North American manufacturer of plastic products with world-class print capabilities. Privately owned and operated, Belle-Pak has evolved into an industry leader with over 200 employees in a 180,000 square foot facility and distribution network across North America and Mexico. Today, Belle-Pak caters to a diverse clientele which include financial institutions, crown corporations, armored car carriers, retailers, law enforcement, hospitals, hotels and more. The company has built partnerships with some of the most prominent e-Commerce brands in the industry, including Canada Post, FedEx, USPS, 3M, Purolator and UPS. For more information on our products and services, please visit belle-pak.com

About Pritzker Private Capital

Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm's differentiated, long duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.

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