UP Paper has been acquired by ProAmpac Holdings

The shareholders of UP Paper have sold the company to ProAmpac Holdings, a portfolio company of Pritzker Private Capital. Through the acquisition, UP Paper will expand ProAmpac’s portfolio of recycled paper packaging products and its presence in growth-oriented end markets. ProAmpac and UP Paper plan to leverage their combined fiber and film-based materials science expertise to create environmentally friendly flexible packaging products.

Headquartered in Manistique, Michigan, UP Paper is a leading North American producer of 100% unbleached recycled kraft paper for packaging applications, and serves an expansive roster of customers in the food service, e-commerce and consumer retail markets with a strong commitment to sustainability.

ProAmpac is a global leader in flexible packaging and material science, serving more than 5,000 customers in a diverse set of end markets, including food, pet, e-commerce, healthcare, lawn care and retail. Pritzker Private Capital is a Chicago-based investment firm focused on partnering with middle-market companies based in North America with leading positions in the manufactured products and services sectors.

Oaklins TM Capital in the US served as financial advisor to UP Paper in connection with its sale to ProAmpac Holdings.

Service

M&A sell-side

Parties

“Since the shareholder group acquired and converted UP Paper to the production of packaging grades, we have become a force in the retail, e-commerce and food service markets. We have also become a very important part of the economy in the Upper Peninsula of Michigan. Oaklins TM Capital took the time to understand our business and recognized how best to present us to the market. Their hard work, industry knowledge and market contacts helped generate an excellent outcome for the shareholders and employees of UP Paper.”

Lars Dannberg

CEO, UP Paper

Talk to the deal team

Jonathan I. Mishkin

Managing Director

New York, United States
Oaklins TM Capital

View profile Get in touch

Harrison P. Boeschenstein

Associate

Boston, United States
Oaklins TM Capital

View profile Get in touch

Reid Balser

Analyst

New York, United States
Oaklins TM Capital

View profile Get in touch

Thomas Portelance

Analyst

Boston, United States
Oaklins TM Capital

View profile Get in touch

Related deals

UniKidz has partnered with Karmijn Kapitaal

Private Equity | Consumer & Retail

UniKidz has partnered with Karmijn Kapitaal

Karmijn Kapitaal has acquired a majority stake in UniKidz, a talent development organization that provides a scientifically-based developmental approach through high-quality childcare. Through the partnership with Karmijn Kapitaal, UniKidz can take the next step in bringing their unique concept to even more children.

Learn more

Ñaming, SL has been acquired by DeA Capital S.p.A.

Private Equity | Food & Beverage

Ñaming, SL has been acquired by DeA Capital S.p.A.

Spain’s leading producer of sandwiches, fresh and ultra-fresh products, Ñaming, has sold a majority stake to Italian fund DeA Capital.

Learn more

INNOTEX has been acquired by Clearspring Capital Partners

Private Equity | Other Industries

INNOTEX has been acquired by Clearspring Capital Partners

INNOTEX, a manufacturer of personal protective equipment for firefighters and first responders, has completed a strategic partnership with Clearspring Capital Partners.

Learn more