ProAmpac, A Leading Flexible Packaging Company, Completes Acquisition of Trinity Packaging Corporation
CINCINNATI, Ohio (April 10, 2017) - ProAmpac today announced that is has acquired Trinity Packaging Corporation (Trinity), a leading flexible packaging company specializing in large format packaging for the lawn and garden, food and specialty industrial markets. Financial terms of the deal were not disclosed.
Trinity is headquartered in Armonk, New York with operations in Rocky Mount, Virginia and Buffalo, New York. ProAmpac is a leading global flexible packaging company headquartered in Cincinnati, Ohio operating primarily under the Prolamina, Ampac and Tulsack brands. ProAmpac is owned by Pritzker Group Private Capital along with management and co-investors. The combined company will have 22 manufacturing sites and 3,000 employees supplying more than 5,000 customers in 90 countries. ProAmpac and Trinity serve a wide variety of end markets including food, pet care, healthcare, lawn care, retail and secure packaging for the transport of cash and valuables.
Greg Tucker, chief executive officer of ProAmpac, said, "Trinity Packaging's legacy spans 100 years. They are a team of industry veterans with a great reputation for quality and service. I am confident that ProAmpac's innovation coupled with Trinity's capabilities will cement our role as strategic partners to our customers and suppliers."
Trinity Packaging will retain its name and become a separate division within ProAmpac. John H. Freund, who is celebrating his 60th year with the company, will continue with the combined company as a member of the ProAmpac Board of Directors. Peter Freund, former president of Trinity stated, "the combination of ProAmpac's management team coupled with the Pritzker Group's reputation for long-term stewardship made them both ideal partners for the Trinity family."
Michael Nelson, Pritzker Group investment partner, stated "Pritzker Group acquired ProAmpac because of its great team and history of successful acquisitions. The acquisition of Trinity represents our continued commitment to investing behind exceptional management, innovative products and excellent service that make both ProAmpac and Trinity strong partners to their customers."
ProAmpac is steadfast in its unwavering commitment to provide creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. It is a diversified global packaging company with 2500 employees and 20 manufacturing centers in North America, Europe and Asia. For more information, visit proampac.com.
About Trinity Packaging Corporation
Trinity Packaging Corporation, established in 1917, manufactures plastics products for a broad base of national customers within a variety of industries. Trinity has plant locations in Rocky Mount, VA and Buffalo, NY. To learn more, visit trinitypackaging.com.
About Pritzker Group
Pritzker Group, led by Tony and J.B. Pritzker, has three principal investment teams: Private Capital, which acquires and operates leading North America-based companies; Venture Capital, which provides early-stage and growth venture funding to technology companies throughout the United States; and Asset Management, which partners with top-performing investment managers across global public markets.
Pritzker Group Private Capital acquires North America-based middle-market companies with leading positions in the manufactured products, services and healthcare sectors. The firm's permanent, proprietary capital base allows for efficient decision making, broad flexibility with transaction structure and investment horizon, and alignment with management teams focused on creating long-term value. Pritzker Group brings significant resources, expertise and credibility in building businesses and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit pritzkergroup.com.