ProAmpac sees more investment from Pritzker, Singapore-based GIC
ProAmpac makes flexible packaging for a range of end markets.
GIC Private Ltd., a state-owned Singapore investment firm, is investing in packaging giant ProAmpac, along with Pritzker Private Capital.
In a Jan. 19 news release, officials with Cincinnati-based ProAmpac said that Pritzker of Chicago, which has owned a stake in ProAmpac since 2016, and GIC were investing to support ProAmpac s next phase of growth. Terms were not disclosed. Existing and new co-investors, as well as ProAmpac management, also were involved in the investment.
GIC is Singapore s sovereign wealth fund and was established in 1981 to manage Singapore s foreign reserves. The fund has investments in private equity, real estate and infrastructure.