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ProAmpac Acquires Canadian Packaging Companies

TAGS: M&A Business
Image: Blue Planet Studio/Adobe Stock businesspeople around a desk closing a deal
The global flexible packaging company scooped up Rosenbloom Groupe Inc., Hymopack Ltd., and Dyne-A-Pak.

ProAmpac, a global manufacturer of flexible packaging based in Cincinnati, has acquired Rosenbloom Groupe Inc., Hymopack Ltd., and Dyne-A-Pak, private businesses in Canada that manufacture packaging products. Terms of the transaction were not disclosed.

Rosenbloom Groupe, Hymopack, and Dyne-A-Pak supply North American retailers, grocery chains, quick service restaurants (QSRs), and wholesale distribution companies with paper and plastic bags, can liners, and foam packaging trays. With this acquisition, ProAmpac expands its manufacturing capabilities and broadens its product portfolio, said ProAmpac.

“All of us at ProAmpac have deep respect for the legacy and long history of excellence of the Rosenbloom Groupe,” said Greg Tucker, CEO of ProAmpac. “We are pleased to add this strong business to our platforms, which enhances our presence in Canada and allows us to broaden our product offerings in the United States. With the Rosenbloom, Dyne-A-Pak, and Hymopack brands as part of the ProAmpac family, we will deliver even greater value and services to our customers.”

Richard Rosenbloom of Rosenbloom Groupe commented: “As a third-generation family business, it was important for us to partner with an organization that understands our values and respects our culture. The ProAmpac team has demonstrated an appreciation for our history and I look forward to working collaboratively with Greg as we seamlessly bring our organizations together.”

Hymopack’s President Gerry Maldoff, added: “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 grocery, retail, distribution, and QSR customers.”

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. ProAmpac manufactures flexible packaging for various consumer, healthcare, e-commerce, retail, and industrial goods markets. Rosenbloom Groupe’s brands will continue in Canada and will maintain operations at its manufacturing facilities.

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