ProAmpac has signed a definitive agreement to acquire flexible packaging provider PAC Worldwide, headquartered in Redmond, WA. Terms of the transaction were not disclosed.
PAC Worldwide moved operations from Pedro Escobedo into a new 83,000 square-foot flexible packaging plant in San Juan del Rio, about two hours north of Mexico City. The plant is expected to produce over 700,000 bags daily at full capacity.
ProAmpac, a portfolio company of PPC Partners, acquired Pactech Packaging, which manufactures flexible packaging such as pouches, bags and liners with zippers and spouts. Its products serve government, military, aerospace and automotive supplies.
PAC Worldwide, a flexible packaging manufacturer, will lease a 420,000-square-foot facility in Lower Nazareth Township near Bethlehem, Pennsylvania. The company plans to invest more than $28 million and create over 160 jobs over three years.