ProAmpac, a leader in flexible packaging, announced that it has acquired Rosenbloom Groupe Inc., Hymopack Ltd. and Dyne-A-Pak, private businesses based in Canada that manufacture packaging products. Terms of the transaction were not disclosed.
Rosenbloom Groupe, Hymopack Ltd. and Dyne-A-Pak are leading suppliers to North American retailers, grocery chains and quick service restaurants (QSR), as well as wholesale distribution companies, specializing in the manufacturing of paper bags, plastic bags and can liners, and foam packaging trays.
With this acquisition, ProAmpac reportedly expands its manufacturing capabilities and broadens the product offering it provides to retail, grocery and QSR customers.
“All of us at ProAmpac have deep respect for the legacy and long history of excellence of the Rosenbloom Group of companies. We are pleased to add this strong business to our platforms, which enhances our presence in Canada and allows us to broaden our product offering in the United States,” said Greg Tucker, CEO, ProAmpac.
“Our capabilities are highly complementary with ProAmpac’s operations, and I am confident this combination will deliver compelling value to our customers and exciting opportunities for our team,” said Richard Rosenbloom, Rosenbloom Groupe.
“With the expanded resources, scale and combination with ProAmpac, our business will be well-positioned for growth. I am excited to work with ProAmpac to enhance our plastic packaging and manufacturing capabilities and provide a broader product offering to a growing base of grocery, retail, distribution and QSR customers,” said Gerry Maldoff, president, Hymopack.
Cincinnati-based ProAmpac is owned by Pritzker Private Capital along with management and other co-investors. With the addition of the Rosenbloom Groupe, ProAmpac has 35 sites globally, with nearly 4,600 employees supplying more than 5,000 customers in 90 countries.
For more information, visit https://www.proampac.com.