Packaging pioneer acquired by global leader
Ultimate Packaging, a pioneer in flexographic and digitally printed flexible packaging has been acquired by the global leader ProAmpac for an undisclosed amount.
The Grimsby-based family-owned business is one of the largest independent flexible packaging manufacturers in the UK specialising in the development of innovative packaging solutions to increase product shelf life, convenience and recyclability.
As a result of the deal, ProAmpac’s fourth in 2021, the firm has strengthened its position in the sector, extended its presence across the UK and broadened its portfolio of sustainable packaging solutions.
Greg Tucker, founder and CEO of ProAmpac, said, “Ultimate Packaging’s innovative team and high-quality flexible packaging portfolio are exciting complements to ProAmpac’s growing family. As we expand our reach across the U.K., this combination will help us better serve our customers with an enhanced offering of recyclable and compostable solutions.”
Nigel Tonge, founder of Ultimate Packaging, said, “As a family-owned business, it was important for us to select a partner who shared our values, commitment to innovation and philosophy of partnership with our customers. We are pleased to work together with Greg and the ProAmpac team to extend our collective market leadership and provide tremendous value to our customers.”
Jeremy Hodson, managing director of Ultimate Packaging, said, “The Ultimate operations team and I, who will remain with the company, are looking forward to working with the ProAmpac team to further enhance our customer offering and opportunities for growth.”
Squire Patton Boggs Leeds team consisting of partners Mae Salem supported by Joshua Headley and Emily Downie, advised shareholders of Ultimate on the sale.
