M&As: ProAmpac acquires Prairie State Group; Geon buys PVC compounder Roscom

US flexible packaging firm ProAmpac says that it has acquired Prairie State Group (PSG), an SQF-certified provider of flexible packaging and labelling services based in Franklin Park, Illinois. This acquisition is said to strengthen ProAmpac’s flexible and sustainable packaging offerings for the food and pet food markets and expands its labeling capabilities. Terms of the transaction were not disclosed.

PSG produces a broad range of SQF-certified and environmentally-friendly flexible packaging and label solutions, including wrappers, pouches, compostable film, roll stock and pressure-sensitive labels at its vertically integrated manufacturing facilities and has a diverse base of long-tenured customers to ProAmpac. With the addition of PSG, ProAmpac extends its reach in the food and pet food markets, expands its pouching capabilities and strengthens its leading market position in sustainable, flexible packaging solutions. PSG’s founders and management team will remain with the business post-transaction.

Greg Tucker, Founder/CEO of ProAmpac, said, “PSG’s experienced leadership team and innovative sustainable packaging portfolio are strong complements to ProAmpac. As we continue our growth and expansion strategy, PSG’s world-class manufacturing capabilities, strong market position and commitment to product quality will enhance our offering to customers around the world.”

Rick Heinzen, Founder/CEO of Prairie State Group, said, “We are thrilled to join Greg and the ProAmpac team. Our companies share a strong commitment to quality, safety and sustainability. With this combination, I’m confident that ProAmpac is the right partner to support PSG’s continued growth.”

Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. ProAmpac has nearly 50 sites globally, with over 6,000 employees supplying over 5,000 customers in 90 countries.

In other news, performance polymer solutions provider Geon Performance Solutions has acquired Roscom Inc., an ISO9001:2015-certified PVC compounding facility located in Croydon, Pennsylvania.

"Roscom, a 35-year-old company respected for its innovation and automation in the flexible PVC market, is an excellent fit for us. This addition represents a key step forward in our strategy. The Croydon facility and tenured team will enable us to better serve our customers in the Northeastern United States and parts of Canada. We intend to maximise the incredible expertise of the Roscom team and look forward to bringing its additional product portfolio to our customers," said Geon CEO Tracy Garrison.

"This strategic alignment with Geon helps secure a strong future for our customers and members of the Roscom family alike. The combination of our customer service, agility of operations, and responsiveness with Geon's considerable resources will result in a company that will exemplify the future of the PVC compounding industry," said Nick Lynch, President/COO of Roscom.

Geon is owned by private investment firm SK Capital Partners. The 1,000-employee firm has annual sales of around US$800 million.

(PRA)

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