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Industry News, Mergers and Acquisitions, Printers News

ProAmpac Acquires UP Paper

UP Paper is a leading producer of recycled kraft paper.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

ProAmpac announced the acquisition of UP Paper, a leading producer of recycled kraft paper. Terms of the transaction were not disclosed.

“The UP Paper team has done an incredible job building this great business. We look forward to building on their existing relationships and production expertise to serve our customer base with a broader suite of sustainable packaging products,” said Greg Tucker, founder, vice chairman and CEO of ProAmpac.

“ProAmpac has built an exceptional platform from which we can continue to grow our business,” said Lars Dannberg, president and CEO of UP Paper. “Together, we will have a strong portfolio of paper products and a shared commitment to excellence in customer service. I am confident our current and future customers will benefit from this partnership.”

UP Paper, established in 2016, is a leading North American producer of 100% unbleached recycled kraft paper for packaging applications. UP Paper and ProAmpac together will leverage combined fiber and film-based materials science expertise to create environmentally friendly flexible packaging products. 

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