Food packaging specialist Ultimate Group acquired by American giant ProAmpac

Grimsby’s food packaging specialist Ultimate Group has been acquired by a global giant in its field.

ProAmpac, an international leader in flexible packaging and materials science, has reached a huge, undisclosed deal for the large Europarc operation.

In recent years the company has grown considerably in the flagship business park, having started as a solo trading operation in Brigg in 1982.

Today it employs more than 250 people, generating a turnover of over £ 50million through its collaboration with Aunt Bessie’s and Young’s Seafood, while providing clean label packaging solutions to all major retailers.

Greg Tucker, Founder and CEO of ProAmpac, said: “The innovative team at Ultimate Packaging and its portfolio of high quality flexible packaging are exciting additions to the growing ProAmpac family.

“As we expand our reach across the UK, this combination will help us better serve our customers with an enhanced offering of recyclable and compostable solutions. “

In recent years, sustainability has been a huge driver, while also pioneering personalization and digitization.

Nigel Tonge, Founder of Ultimate Packaging, said: “As a family business, it was important for us to select a partner who shared our values, our commitment to innovation and our philosophy of partnering with our customers. We are excited to be working with Greg and the ProAmpac team to expand our collective market leadership and deliver tremendous value to our customers.

Big move: Ultimate Packaging moved to Europarc from Grimsby in 2000, a move that propelled the business. Pictured, left to right, CFO Jeremy Hodson, Sales Manager Chris Tonge, General Manager Nigel Tonge and Commercial Manager Michael Tonge.

ProAmpac, based in Cincinnati, is owned by Pritzker Private Capital as well as management and other co-investors. Ultimate is ProAmpac’s fourth acquisition of the year and the third in the UK.

IG Industries and Brayford Plastics Ltd were added in March.

It has nearly 50 manufacturing sites around the world, with more than 5,800 employees serving more than 5,000 customers in 90 countries. It serves the consumer, healthcare, e-commerce, retail and industrial goods markets. Ultimate Packaging will adopt the ProAmpac brand as operations continue.

Jeremy Hodson, Managing Director of Ultimate Packaging, said: “The Ultimate Packaging Operations team and I, who will remain with the company, look forward to working with the ProAmpac team to further improve our customer offering and our growth opportunities.

Ultimate operates on 180,000 square feet, having started its life as a trading company out of Mr. Tonge’s spare bedroom. It acquired the Hull printer it worked with in the 90s, bringing together various operations from Brigg, Alford and Scunthorpe to Europarc in 2000.

Subsequently, it added a large old neighboring DWP call center and other adjacent business premises as they moved, with the final step being new construction on the larger park.

Chris Trick, Investment Partner at Pritzker Private Capital, said: “The acquisition of Ultimate Packaging is ProAmpac’s third UK acquisition this year. We are delighted to continue our partnership with ProAmpac as the company further strengthens its offering of sustainable flexible packaging solutions.

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