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.
"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," said Greg Tucker, founder and CEO of ProAmpac.
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.
“We are pleased to announce that the executive management of HTL has decided to enter new business opportunities in the plastic packaging industry by venturing into the production of plastic products for external customers and third parties,” said HTL in a statement.
The company informed that this business will be pursued through the existing plant site of HTL subsidiary Hi-Tech Blending (Pvt.) Ltd. (HTBL).
The company said that its subsidiary HTBL has been producing bottles for its own needs since 2016 for both its locally blended and locally filled products. “Having attained substantial experience in extrusion blow molding and injection molding, the company has been exploring the provision of similar plastic packaging to outside customers for some time,” it said.
HTL said that it has been approached by potential customers to provide various types of plastic bottles and informed that the processes for import and installation of requisite machinery in the extrusion blow molding machine and feeding recycling system section of the plant site of HTBL have been initiated for the production of various quality products for external customers and local third parties.
The company said it had initiated process of import and installation of 06/04 Head Double Station Machine for bottles of different types/sizes from 50 ml to 1000 ml for Fast Moving Consumer Products (FMCG), import and installation of multi-layer 2 head double station machine for oxygen sensitive products/bottles and import and installation of injection molding machine for caps, buckets and auto parts.
Irish-owned Zeus Packaging, the leading independent packaging manufacturer and distributor, has today announced the acquisition of Austrian-based food packaging solutions business, Petruzalek, which was part of Sirap-Gema Group. Today’s acquisition further expands and strengthens Zeus’s geographic presence across 12 countries in Western, Central and Eastern Europe.
In 2020, Petruzalek achieved revenues of approximately €58 million, net assets of €16 million and EBITDA of €2.5 million. The acquisition, for an undisclosed sum from Italian investment holding company, Italmobiliare, completes a three-year €40 million acquisition strategy for Zeus. It is the seventh business to be integrated into the Zeus family during the past 18 months. Established by Brian O’Sullivan in 1998, this acquisition brings the number employed by Zeus from 450 people across 14 countries to 670 people across 26 countries. The group’s turnover has grown substantially over the past three years, reaching €208m in 2020 and expected to reach €280m for 2021.
Commenting on this latest acquisition, Zeus CEO Keith Ockenden said: ‘This latest acquisition is the largest in our strategic expansion, and along with recent investments in our leadership operational infrastructure, is an integral part of Zeus’s long-term growth strategy. The purchase of Petruzalek significantly extends our reach into new markets, brings complementary diversification to our product range and further enhances our client network.
“Petruzalek’s product range utilises low environmental impact renewable, recyclable and compostable materials enabling us to further deepen our focus on sustainability in 2021. As always, we are committed to delivering innovative sustainable packaging solutions for our valued clients in Ireland, the UK and across Europe. This move enables a true European supply solution for customers looking to consolidate supply chains and maximise cost efficiencies.”
Zeus Founder Brian O’Sullivan said: “In 2020, despite the pandemic, Zeus reached a milestone with revenues exceeding €200 million. With today’s announcement, Zeus remains on track to become the largest independent packaging distribution business in Europe. The acquisition of Petruzalek not only further builds on our scale, but strengthens our operating platform across Europe.”
Germany-based Südpack has agreed to acquire the Netherlands-based LPF Flexible Packaging from Clondalkin Group for an undisclosed sum.
Based in Grootegast and established in 1907, LPF is involved in the manufacturing of high barrier films for sensitive products.
LPF, which was part of the Clondalkin since 2005, is engaged in the development and production of packaging materials.
LPF develops and produces printed and unprinted duplex and tri-plex packaging laminates, which can offer better protection and extend the shelf life of the products.
The company, which serves global brands, provides packaging solutions to the food, pharmaceutical and technical products.
Südpack stated that LPF has extensive R&D and business development resources to support its strategy, in addition to broad product and industry expertise.
Upon completion of the deal on 1 February 2020, the workforce of LPF will be included in Südpack and the continuity of the company’s operations will be secured.
Südpack also noted that the production of the laminates continues without alterations at its sites in Ochsenhausen and Bioggio in Switzerland.
Südpack CEO Erik Bouts said: “We value LPF’s high level of development and market competence and plan to establish the site in Grootegast as a Competence Center for High Performance Laminates over the long term within the Südpack Group.
“In doing so, we want to further expand Südpack’s expertise and performance portfolio in the development and production of high-performance laminates for various applications in order to serve attractive emerging markets and tap into new markets.”
In July last year, Südpack began construction on a new advanced complex at its site in Klobuck near Czestochowa, Poland.
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