ProAmpac acquires International Paper's bag converting operations to expand fiber-based packaging capacity

ProAmpac, a global leader in flexible packaging and material science, has acquired International Paper's bag converting operations, advancing its Fiberization of Packaging® strategy. The acquisition expands ProAmpac's capabilities in customizable kraft paper bag manufacturing for grocery, convenience store, and quick-service restaurant markets. IP's operations, located in California, Oregon, and Texas, specialize in handled shopping bags, self-opening sacks, and smaller format bags, offering ProAmpac additional production capacity and geographic redundancy across the U.S. West Coast. CEO Greg Tucker emphasized the growing global demand for recyclable paper packaging driven by evolving consumer expectations. IP's Allison Magness noted the bag business's strong foundation built on sustainability and reliability, positioning it well for future growth under ProAmpac's leadership. Financial terms were not disclosed. ProAmpac is owned by Pritzker Private Capital and serves diverse global markets with sustainable packaging solutions.