Pritzker Group, the investment firm led by billionaire brothers Tony and J.B. Pritzker, agreed to buy flexible-packaging company ProAmpac from private equity firm Wellspring Capital Management.

The transaction is expected to close in November, according to a statement. The Cincinnati, Ohio-based manufacturer makes a wide variety of packaging products, from can liners to cheese laminates to bank deposit bags. Terms of the acquisition weren’t disclosed.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.