M&A Deal Summary

ProAmpac Acquires Gelpac

On March 13, 2024, ProAmpac acquired packaging company Gelpac from Namakor Holdings

Acquisition Highlights
  • This is ProAmpac’s 26th transaction in the Packaging sector.
  • This is ProAmpac’s 5th transaction in Canada.
  • This is ProAmpac’s 3rd transaction in Quebec.

M&A Deal Summary
Date 2024-03-13
Target Gelpac
Sector Packaging
Buyer(s) ProAmpac
Sellers(s) Namakor Holdings
Deal Type Add-on Acquisition
Advisor(s) Mesirow Financial Holdings, Inc. (Financial)
Fasken Martineau DuMoulin LLP
Bradley Arant Boult Cummings LLP (Legal)

Target

Gelpac

Marieville, Quebec, Canada
website
Gelpac is a supplier of high-performance packaging solutions to the North American agrifood, pharmaceutical, chemical, and construction industries. Its multiwall paper bags and various polyethylene packaging products are designed to meet the exact specifications of each client and are manufactured on state-of-the-art production lines by seasoned teams that share a common passion, that of a job well done. Gelpac was founded in 1956 and is based in Marieville, Quebec.

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Buyer(S) 1

Buyer

ProAmpac

Cincinnati, Ohio, United States

website

Category Company
Founded 2015
Sector Packaging
Employees2,400
DESCRIPTION

ProAmpac is a flexible packaging company with a comprehensive product offering. ProAmpac’s approach to sustainability – ProActive Sustainability provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. ProAmpac was founded in 2015 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 26 of 27
Sector (Packaging) 26 of 26
Type (Add-on Acquisition) 21 of 22
State (Quebec) 3 of 3
Country (Canada) 5 of 5
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 Specialty Packaging

Fort Worth, Texas, United States

Specialty Packaging is a provider of paper, film, foil bags, sandwich wraps, basket liners and other custom products for longtime blue-chip fast food and food service brands. Specialty Packaging was founded in 1964 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 UP Paper

Manistique, Michigan, United States

UP Paper is a producer of 100% unbleached recycled kraft paper for packaging applications. The company produces natural kraft paper for packaging applications made from 100% recycled fiber. It serves customers in the food service, eCommerce, and consumer retail markets with a strong commitment to sustainability. UP Paper was formed in 2016 and is based in Manistique, Michigan.

Buy -

Seller(S) 1

SELLER

Namakor Holdings

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Namakor Holdings is a private investment firm focused on acquiring and partnering with lower middle-market manufacturing companies. The Firm will consider opportunities throughout North America with strong growth prospects and up to $100 million in revenue. Namakor Holdings was established in 2015 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 CMI

Saint-Cyrille-De-Wendover, Quebec, Canada

CMI specializes in the manufacturing of tracked mulching tractors and stump grinders. CMI was formed in 2003 and is based in Saint-Cyrille-De-Wendover, Quebec.

Buy -
Mergr

Product

Company

Legal