ProAmpac, a global leader in flexible packaging and material science, and Gelpac, a premier producer of multi-wallpaper and poly-woven packaging products, have announced the signing of a definitive agreement. Under this agreement, ProAmpac will acquire Gelpac from an investor group led by NAMAKOR Holdings, including Groupe W Investissements and CDPQ.
The acquisition of Gelpac will enhance ProAmpac’s production capabilities and product portfolio, allowing the company to better serve customers across the United States and Canada. Gelpac’s expertise in high-performance paper and poly products will complement ProAmpac’s offerings, particularly in the food and beverage, agriculture, industrial and pharmaceutical markets.
Greg Tucker, Founder, vice chairman, and CEO of ProAmpac, expressed excitement about the partnership, highlighting Gelpac’s commitment to customer service and sustainability. Alain Robillard, president and CEO of Gelpac, echoed this sentiment, emphasizing the benefits that ProAmpac’s platform and capabilities will bring to customers and partners.
