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ProAmpac
ProAmpac, backed by Pritzker Private Capital, runs 90+ flexible packaging plants across 3 continents from its Cincinnati base.
ProAmpac
ProAmpac traces its current structure to 2015, when Pritzker Private Capital — the investment vehicle for the Pritzker family, heirs to the Hyatt Hotels fortune — combined Ampac Packaging and Prolamina into a single flexible packaging platform. The firm is headquartered in Cincinnati. It operates as a portfolio company, not a family office or a fund, executing a buy-and-build strategy in the fragmented packaging sector. Deployment flows exclusively into manufacturing operations and acquisitions in the flexible-packaging space, spanning food, pet-care, medical, and industrial end markets. ProAmpac runs production lines for rollstock, pouches, and paper-based packaging. The firm has integrated dozens of companies, including the 2021 acquisitions of El Dorado Packaging and Belle-Pak Packaging, and the 2023 purchase of Specialty Packaging. The geographic footprint covers North America, with additional plants in Europe and Asia. ProAmpac reports more than 90 manufacturing sites and over 5,000 employees globally. In October 2023, the firm announced plans to acquire the flexibles packaging business of LA-based Gelpac from Namakor Holdings, adding six facilities. The company is backed by Pritzker Private Capital, which invested out of its $2.7 billion Fund III; co-investors include the StepStone Group. Structurally, ProAmpac does not raise outside capital or report to LPs. It functions as an operating business funded by long-term private equity committed by the Pritzker family and select institutional co-investors who hold direct equity stakes in the company, not fund interests. This permanent-capital architecture lets ProAmpac hold and integrate acquisitions without the exit-timing pressure of a traditional PE fund.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Cincinnati
Corporate office
Cincinnati, OH, United States
Frequently asked questions
Who owns ProAmpac?
ProAmpac is majority-owned by Pritzker Private Capital, the investment vehicle of the Pritzker family. The StepStone Group is a disclosed co-investor alongside the Pritzkers. The firm itself is an operating company and does not issue public equity or fund interests to outside LPs.
How does ProAmpac source and finance its acquisitions?
ProAmpac identifies niche flexible-packaging manufacturers — often founder-owned — and funds acquisitions with equity from Pritzker Private Capital and co-investors, paired with corporate-level debt. Because it is a permanent-capital-backed operating company, it can hold acquired businesses indefinitely without a mandated fund exit timeline.
Is ProAmpac a single family office?
No. ProAmpac is an operating business, not a family office. The Pritzker family provides the equity base through Pritzker Private Capital, but ProAmpac's management team operates the company as a standalone packaging manufacturer. Day-to-day capital allocation decisions are corporate M&A judgments, not wealth-management portfolio construction.
What packaging segments does ProAmpac serve?
ProAmpac serves food and beverage, pet food, pharmaceutical, medical-device, and industrial packaging markets. Its product lines include high-barrier pouches, retort packages, paper sacks, and recyclable all-paper structures. The firm has targeted growth in healthcare packaging, notably through its 2024 acquisition of Gelpac's flexibles division.
Does ProAmpac have any stated sustainability or material-transition targets?
ProAmpac has introduced ProActive Recyclable, a line of polyethylene- and paper-based structures designed to replace multi-material laminates that cannot be recycled curbside. The firm publishes technical reports on material downgauging but does not report portfolio-wide carbon or waste targets under a recognized standard.
How large is ProAmpac's manufacturing footprint?
ProAmpac operates over 90 production facilities globally, concentrated in the United States but with sites in Canada, the UK, Ireland, and mainland Europe. Employee counts exceed 5,000 as of the firm's own disclosures following the Gelpac transaction in 2024.
What is ProAmpac's relationship to Pritzker Private Capital?
Pritzker Private Capital formed ProAmpac in 2015 by merging two earlier packaging investments and has since funded its roll-up strategy with long-duration equity from its own funds. ProAmpac is the largest single investment in PPC's portfolio, reflecting a concentrated bet on flexible packaging consolidation.
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