CINCINNATI (News release) -- ProAmpac, a global leader in flexible packaging and material science, has acquired the bag converting operations of International Paper ("IP"), a global leader in sustainable packaging. The acquisition expands ProAmpac's converting capabilities, further advancing the company's Fiberization of Packaging^® strategy and enhancing its ability to deliver customized bag solutions for the grocery, convenience store, and quick-service restaurant markets.

"Global demand for reliable, recyclable paper packaging continues to grow rapidly amid evolving consumer expectations and market trends redefining recyclability," stated Greg Tucker, ProAmpac founder, vice chairman, and chief executive officer. "ProAmpac's acquisition of IP's bag operation supports our Fiberization of Packaging initiatives, helping us better serve customers by extending our expertise in material science to the US west coast with additional capabilities and redundancies," continued Tucker.

"IP's bag business is strong, being built on sustainability and reliability, with a winning team. It's well-positioned for future growth and innovation in the kraft paper bag market," said Allison Magness, IP's group vice president, specialty business. "Under ProAmpac's leadership, I am confident the business is set up for long-term success."

Located in California, Oregon, and Texas, IP's bag operations are recognized for innovation in kraft paper bag manufacturing. Specializing in customizable and premium kraft bags for grocery, convenience store, and quick-service restaurant markets, the operations produce a range of products, including handled shopping bags, self-opening sacks, and smaller format options. With multiple U.S. manufacturing sites, this acquisition expands ProAmpac's production capacity and redundancy, strengthening its ability to support both new and existing customers.

Terms of the transaction were not disclosed.