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.