March 19, 2024 - ProAmpac today announced the acquisition of UP Paper, a leading producer of 100% unbleached recycled kraft paper for packaging applications located in Manistique, Michigan.
Terms of the deal were not disclosed.
According to ProAmpac, UP Paper and ProAmpac, together will leverage combined fiber and film-based materials science expertise to create environmentally friendly flexible packaging products.
"The UP Paper team has done an incredible job building this great business. We look forward to building on their existing relationships and production expertise to serve our customer base with a broader suite of sustainable packaging products," said Greg Tucker, Founder, Vice Chairman and CEO of ProAmpac.
Lars Dannberg, President and CEO of UP Paper, added, "ProAmpac has built an exceptional platform from which we can continue to grow our business. Together, we will have a strong portfolio of paper products and a shared commitment to excellence in customer service. I am confident our current and future customers will benefit from this partnership."
About UP Paper
UP Paper was formed to operate the former Manistique Papers mill in Manistique, Michigan. The company began production at the historic mill in June 2016 with a focus exclusively on the growing market for natural kraft packaging paper.
UP Paper operates a single paper machine with capacity of up to 120,000 tons. The machine features a wire width of 165 inches and a maximum trim of 146 inches. The operation includes a pulp mill with the capacity to produce 500 tons per day.
ProAmpac is a leading global flexible packaging company with a comprehensive product offering.
SOURCE: ProAmpac
Read more about UP Paper: UP Paper in Michigan Prepares For the Future with Private and Public Investment - Feb. 6, 2019.
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