UP Paper has been acquired by ProAmpac Holdings
The shareholders of UP Paper have sold the company to ProAmpac Holdings, a portfolio company of Pritzker Private Capital. Through the acquisition, UP Paper will expand ProAmpac’s portfolio of recycled paper packaging products and its presence in growth-oriented end markets. ProAmpac and UP Paper plan to leverage their combined fiber and film-based materials science expertise to create environmentally friendly flexible packaging products.
Headquartered in Manistique, Michigan, UP Paper is a leading North American producer of 100% unbleached recycled kraft paper for packaging applications, and serves an expansive roster of customers in the food service, e-commerce and consumer retail markets with a strong commitment to sustainability.
ProAmpac is a global leader in flexible packaging and material science, serving more than 5,000 customers in a diverse set of end markets, including food, pet, e-commerce, healthcare, lawn care and retail. Pritzker Private Capital is a Chicago-based investment firm focused on partnering with middle-market companies based in North America with leading positions in the manufactured products and services sectors.
Oaklins TM Capital in the US served as financial advisor to UP Paper in connection with its sale to ProAmpac Holdings.



Lars Dannberg
CEO, UP Paper
Talk to the deal team
Jonathan I. Mishkin
Oaklins TM Capital
Harrison P. Boeschenstein
Oaklins TM Capital
Related deals
Bolster Investment Partners has acquired a majority stake in Eternal Sun
Bolster Investment Partners, a Netherlands-based investment firm, has acquired a majority stake in Eternal Sun, a global technology leader in advanced solar panel testing equipment, from ABN AMRO Sustainable Impact Fund, a private impact fund based in the Netherlands, and Vermec, a Belgium-based investment firm.
Learn moreiwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Learn moreLe Cercle has successfully completed its primary LBO in partnership with FrenchFood Capital and Bpifrance
Le Cercle, a pioneer in reusable meal trays and a leading catering company in the Île-de-France region, is entering a new phase of development with an investment from FrenchFood Capital and the support of Bpifrance. This transaction also marks the appointment of Nathalie Grand-Morin, currently managing director, as the new CEO of the company.
Learn more