Go to deals
Private Equity | Other Industries

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.

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

Harrison P. Boeschenstein

Associate
Boston, United States
Oaklins TM Capital

Reid Balser

Analyst
New York, United States
Oaklins TM Capital

Thomas Portelance

Analyst
Boston, United States
Oaklins TM Capital

Related deals

HC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen
Private Equity | Construction & Engineering Services

HC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen

Dutch private equity firm HC Partners has formed a strategic partnership with West Friesland Dakbedekkingen B.V. (WFD). This marks HC Partners’ entry into the roofing sector, with plans to build a national platform of regional roofing specialists.

Learn more
Danish leader in access control systems has been sold to Vækst-Invest
Private Equity | TMT

Danish leader in access control systems has been sold to Vækst-Invest

Unitek, a leading provider of innovative access control systems in Denmark, has been acquired by the Danish private equity firm Vækst-Invest to drive its growth and expansion.

Learn more
STM Environmental has been acquired by Phenna Group
Private Equity | Business Support Services

STM Environmental has been acquired by Phenna Group

STM Environmental has been acquired by Phenna Group, gaining access to a broader network of expertise, enhanced resources and global reach. With extensive experience in life safety, environmental compliance and quality testing, along with a wide client base, Phenna Group is the ideal partner to accelerate STM Environmental’s expansion.

Learn more