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ProAmpac snaps up RAP and eyes food-on-the-go expansion
US-based flexibles company ProAmpac has acquired Rapid Action Packaging (RAP).
Graham Williams, RAP s chief executive: “Together with ProAmpac, we will create stronger solutions for our customers.
The undisclosed deal allows ProAmpac to expand its reach into the ready-to-eat and fresh prepared markets. RAP designs and manufacturers cellulose-based packaging for products such as sandwiches, wraps, chicken tenders and salads.
Ludgate, a European, sustainability focused investment company, announced its successful exit from one of its portfolio companies, RAP.
Graham Williams, chief executive of RAP, said: “Our two companies are highly complementary, with a collaborative working relationship and a common strength in our research and innovation practices.
RAP acquired by US group Jo Francis Tuesday, January 12, 2021
US group ProAmpac has expanded its presence in the UK and Europe with the acquisition of Rapid Action Packaging (RAP).
Part of RAP s food service range
RAP has a design and technical team based in Wimbledon, with manufacturing in Donegal, Ireland.
It specialises in food packaging for a variety of categories, including food-on-the-go such as sandwich boxes, and with a strong emphasis on sustainability.
Clients include a raft of leading supermarkets, Pret a Manger, Starbucks, Greggs and McDonald’s.
Last year the business revamped its production lines to make lightweight disposable face shields by adapting its sandwich box know-how.
Transition to Clean Energy Fuels M&A January 11, 2021
Andrew Spitzer
Drew Spitzer is a managing director in the Energy, Power & Infrastructure Group at Harris Williams.
The global economy is going through a major energy transition, steadily reducing its reliance on fossil fuels and accelerating its adoption of cleaner, more renewable energy resources. The trends are playing out in M&A with more deals.
The transition to renewable energy supports the increased electrification of the global economy, which, in turn, is driving growth for a host of innovative businesses that seek to capitalize on trillions of dollars of market opportunity.
Despite the economic headwinds of Covid-19, global investment in renewables reached $137 billion in the first half of 2020, a 5 percent increase from 2019, according to