ProAmpac Acquires El Dorado Packaging, Strengthening its Consumer and Industrial Paper Packaging Offering

Expands Multi-Wall Bag Production into Flour and Food Ingredients Markets

CINCINNATI – April 20, 2021 – ProAmpac, a leader in flexible packaging and material science, today announced that it has acquired El Dorado Packaging (“El Dorado”), a leading producer of consumer and industrial multi-wall packaging solutions. Terms of the transaction were not disclosed.

El Dorado manufactures customized paper-based packaging and printing solutions for retail and industrial markets. With three plant locations in Arkansas, Minnesota and Nebraska, El Dorado produces paper self-opening sacks, rollstock for consumer packaging and industrial multi-wall bags for food service, seed, animal health and chemical markets. With this acquisition, ProAmpac expands its multi-wall bag product offering into flour and food ingredients markets, while strengthening its paper packaging capabilities in industrial markets.

Greg Tucker, Founder and CEO of ProAmpac, said, “It’s my pleasure to welcome El Dorado to the growing ProAmpac family. This combination strengthens ProAmpac’s leadership position in the production of multi-wall paper applications. Together with El Dorado, we will enter new end markets, broaden our product offering and serve an expanding customer base with high-quality, innovative flexible packaging solutions.”

Molly Meyer, co-Chief Operating Officer at El Dorado, said, “As a leading paper packaging manufacturer, we’re thrilled to combine our multi-wall bag and rollstock capabilities with ProAmpac’s dynamic portfolio. I look forward to partnering with Greg and the entire ProAmpac and PPC teams to deliver even greater value to our customers.”

Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. The addition of El Dorado is ProAmpac’s third acquisition in 2021. ProAmpac has 41 manufacturing sites globally, with more than 5,200 employees supplying more than 5,500 customers in 90 countries. ProAmpac innovates, engineers and manufactures flexible and sustainable packaging and material science solutions for various consumer, healthcare, e-commerce, retail and industrial goods markets. El Dorado will adopt the ProAmpac brand and will maintain operations at its three manufacturing facilities.

Chris Trick, Investment Partner at Pritzker Private Capital, said, “The acquisition of El Dorado provides ProAmpac with additional manufacturing capacity and capabilities, and will help ProAmpac to continue to deliver reliable and innovative products to its customers. We welcome El Dorado to the ProAmpac and Pritzker Private Capital families.”

Mesirow served as the exclusive financial advisor to El Dorado Packaging Holdings, LLC.

About ProAmpac
ProAmpac is a leading global flexible packaging company with a comprehensive product offering, providing creative packaging solutions, industry-leading customer service and award-winning innovation to a diverse global marketplace. ProAmpac’s approach to sustainability – ProActive Sustainability® – provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. We are guided in our work by four core values that are the basis for our success: Integrity, Intensity, Innovation, and Involvement. Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and co-investors. For more information, visit <https://www.proampac.com">ProAmpac.com or contact Media@ProAmpac.com.

About El Dorado Packaging
El Dorado Packaging is a leader in multi-wall, consumer and rollstock packaging. The company creates customized paper-based packaging and printing solutions for retail and industrial markets. Within three plant locations, El Dorado produces paper self-opening sacks and rollstock for consumer packaging, and industrial multi-wall and shipping bags for food service, seed, animal health and chemical markets.  For more information, visit eldoradopackaging.com.

About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors. The firm's differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.