ProAmpac expands paper packaging reach with IP acquisition
ProAmpac, a global leader in flexible packaging and material science, has announced the acquisition of International Paper’s (IP) bag converting operations, a move that strengthens its Fiberization of Packaging® strategy and extends its presence across the United States.
The acquisition includes IP’s facilities in California, Oregon, and Texas—sites known for producing customizable and premium kraft paper bags for the grocery, convenience store, and quick-service restaurant markets. These operations manufacture a wide range of products, including handled shopping bags, self-opening sacks, and smaller-format options.
“Global demand for reliable, recyclable paper packaging continues to grow rapidly amid evolving consumer expectations,” said Greg Tucker, founder, vice chairman, and CEO of ProAmpac. “This acquisition supports our Fiberization of Packaging initiatives, helping us better serve customers by extending our expertise in material science to the U.S. west coast.”
Allison Magness, group vice president of specialty business at International Paper, described the bag division as “strong, sustainable, and built on reliability,” adding that under ProAmpac’s leadership, the business is “well-positioned for long-term success.”
The transaction, whose terms were not disclosed, boosts ProAmpac’s converting capacity and operational redundancy—enhancing its ability to deliver customized fiber-based packaging solutions while supporting growing sustainability goals across the packaging value chain.
Headquartered in Cincinnati, ProAmpac is a global manufacturer of flexible and paper-based packaging. The company focuses on innovation, material science, and sustainability, developing recyclable and fiber-based solutions for a wide range of markets. ProAmpac is owned by Pritzker Private Capital, along with management and co-investors.
International Paper is a global producer of sustainable packaging, pulp, and fiber-based products. Headquartered in Memphis, Tennessee, the company operates in more than 30 countries and employs approximately 65,000 people worldwide. Its products serve essential needs in packaging, e-commerce, and industrial applications. International Paper is listed on the New York Stock Exchange under the symbol IP.
