ProAmpac brings sustainability, speed and material science to the global packaging market. TCP is a strategic fit that will add advanced capabilities in the meat, dairy, medical and pharmaceutical end markets, as well as manufacturing capacity in North America, Latin America, the United Kingdom and New Zealand. The combination will further accelerate ProAmpac’s packaging development, including barrier films, mono-material structures and fiber-based solutions, to help its customers meet their value creation and sustainability goals.

“This acquisition is a transformative milestone for ProAmpac and TCP,” said Greg Tucker, founder, vice chairman, and chief executive officer of ProAmpac. “Together we are committed to delivering high-performing and increasingly sustainable packaging solutions to customers.”

“We have maintained a consistent, long-term commitment to building ProAmpac into a leading packaging provider, supporting both organic and acquisition growth to meet customer demand for more sustainable packaging solutions. The acquisition of TCP continues this strategy,” said Michael Nelson, managing partner and head of investing at PPC.

Goldman Sachs is serving as lead financial advisor, and J.P. Morgan Securities LLC is serving as financial advisor to ProAmpac. Kirkland & Ellis LLP and McCarthy Tétrault LLP are serving as legal counsel to ProAmpac.

Source: ProAmpac