ProAmpac buys multiwall paper bag maker El Dorado Packaging
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Flexible packaging converter ProAmpac is on the acquisition hunt again, buying multiwall packaging specialist El Dorado Packaging Inc.
Cincinnati-based ProAmpac announced the deal April 20. The seller is Evanston, Ill.-based investment firm Industrial Opportunity Partners LLC. Terms were not disclosed.
El Dorado makes custom paper-based packaging for retail and industrial market. It is based in Rosemount, Minn., and also has plants in El Dorado, Ark., and Omaha, Neb.
Its products include paper self-opening sacks, rollstock for consumer packaging and industrial multi-wall bags for food service, seed, animal health and chemical markets. ProAmpac highlighted that with this acquisition, it expands its multi-wall bag product offering into flour and food ingredients markets, while strengthening its capabilities in the market for paper packaging for industrial customers.