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  6. ProAmpac Acquires International Paper’s Bag Converting Operations

M&A Deal Summary

ProAmpac Acquires International Paper’s Bag Converting Operations

On October 17, 2025, ProAmpac acquired packaging company International Paper’s Bag Converting Operations from International Paper

Acquisition Highlights
  • This is ProAmpac’s 28th transaction in the Packaging sector.
  • This is ProAmpac’s 17th transaction in the United States.
  • This is ProAmpac’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2025-10-17
Target International Paper’s Bag Converting Operations
Sector Packaging
Buyer(s) ProAmpac
Sellers(s) International Paper
Deal Type Divestiture

Target

International Paper’s Bag Converting Operations

Memphis, Tennessee, United States
International Paper’s Bag Converting Operations delivers customized bag solutions for the grocery, convenience store, and quick-service restaurant markets.

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Buyer(S) 1

Buyer

ProAmpac

Cincinnati, Ohio, United States
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 29 of 29
Sector: Packaging M&A 28 of 28
Type: Divestiture M&A Deals 4 of 4
State: Tennessee M&A 1 of 1
Country: United States M&A 17 of 17
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-26 PAC Worldwide

Redmond, Washington, United States

PAC Worldwide is a developer and manufacturer of customized flexible packaging solutions. PAC Worldwide is based in Redmond, Washington.

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Seller(S) 1

SELLER

International Paper

Memphis, Tennessee, United States
Category Company
Founded 1898
Sector Packaging
Employees37,000
Revenue 18.6B USD (2024)
DESCRIPTION
International Paper's corporate headquarters in Memphis, Tennessee.
International Paper's corporate headquarters in Memphis, Tennessee.

International Paper is a multinational company operating in the packaging and paper industry. International Paper provides sustainable packaging, pulp, and paper products and serves a diverse range of customers, including manufacturers, retailers, and consumers. International Paper was founded in 1898 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 15 of 15
Sector: Packaging M&A 9 of 9
Type: Divestiture M&A Deals 12 of 12
State: Tennessee M&A 6 of 6
Country: United States M&A 9 of 9
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-21 International Paper - Global Cellulose Fibers division

Memphis, Tennessee, United States

International Paper's Global Cellulose Fibers division is a producer of high-quality absorbent fluff pulp for a wide range of personal care applications, including feminine care, incontinence, infant diapers, and other products that promote health and wellness. International Paper's Global Cellulose Fibers division is based in Memphis, Tennessee.

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