M&A Deal Summary

ProAmpac Acquires Vitex Packaging Group

On October 18, 2016, ProAmpac acquired packaging company Vitex Packaging Group from Kirtland Capital Partners

Acquisition Highlights
  • This is ProAmpac’s 4th transaction in the Packaging sector.
  • This is ProAmpac’s 4th transaction in the United States.
  • This is ProAmpac’s 1st transaction in Virginia.

M&A Deal Summary

Date 2016-10-18
Target Vitex Packaging Group
Sector Packaging
Buyer(s) ProAmpac
Sellers(s) Kirtland Capital Partners
Deal Type Add-on Acquisition

Target

Vitex Packaging Group

Suffolk, Virginia, United States
Vitex Packaging Group is a manufacturer of flexible packaging for the consumer and medical-product industries. Vitex is a supplier of tea-bag envelopes and tags.

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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 4 of 27
Sector (Packaging) 4 of 26
Type (Add-on Acquisition) 2 of 22
State (Virginia) 1 of 1
Country (United States) 4 of 15
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Coating Excellence International

Wrightstown, Wisconsin, United States

Coating Excellence International LLC is a flexible packaging and technical products company specializing in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens. Companty features EB coating and laminating, wide web flexographic presses with 10-color printing with registered backside print capabilities, and offset printing up to four colors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Trinity Packaging

Armonk, New York, United States

Trinity Packaging Corp. is a flexible packaging company specializing in large format packaging for the lawn and garden, food and specialty industrial markets. Trinity Packaging was established in 1917 and is based in Armonk, New York.

Buy -

Seller(S) 1

SELLER

Kirtland Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kirtland Capital Partners (KCP) is a private equity firm focused on acquiring mature businesses operating in the US or Canada. KCP looks to be the lead investor in control positions in companies with significant barriers to entry, stable cash flows, and a strong market position. Sectors of interest include niche manufacturing, distribution, and business-to-business service companies. Kirtland was formed in 1977 and is based in Beachwood, Ohio.


DEAL STATS #
Overall 19 of 23
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 6 of 10
State (Virginia) 2 of 2
Country (United States) 19 of 23
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-21 Precision Dialogue

Chicago, Illinois, United States

Precision Dialogue, Inc. is an analytics-driven direct marketing firm. The company improves ROI through the development of customer insights and implementation of personalized, multi-channel communications. Precision Dialogue was founded in 2011 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 MicroGroup

Medway, Massachusetts, United States

MicroGroup, Inc. is a manufacturer of precision medical components and sub-assemblies with expertise in difficult-to-manufacture, small diameter stainless steel tubing. The Company offers a comprehensive, integrated suite of 50+ in-house precision metal production operations supporting the full product life cycle from prototype to production. MicroGroup's customers include more than half of the world's largest medical device and analytical instrument companies across analytical and diagnostic instruments, cardiology, gastroenterology and endoscopy, neurology and spinal, and orthopedic and sports medicine segments.

Sell -