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Ampac Acquires Floeter Flexible Packaging
Posted: September 6, 2007Ampac Packaging LLC has acquired privately-held Floeter Flexible Packaging Group for an undisclosed amount. The acquisition includes two Floeter manufacturing locations in Germany, one in India , and one in the U.S. (Chicago). Going forward, Floeter and its employees will become part of the Ampac Flexibles division of Ampac Holdings LLC.
“We could not be more excited about Ampac and Floeter joining together. This is a remarkable combination of organizations, technology and capabilities," said John Baumann, president and CEO, Ampac. "The company’s long standing reputation as a front runner and technology leader for preformed retort pouches makes the acquisition a perfect next step in our strategic growth plan.”
The Floeter organization is headed by Marc Rapp, CEO, who will continue as an Ampac shareholder and president of Ampac’s global pouching division. “This acquisition and the combination of two strong pouching companies will generate synergies for both. Our respective customers will now be able to benefit from shared technology and manufacturing expertise,” said Rapp. Floeter will continue as a standalone company, and Rapp will report to George Thomas, vice president and general manager, Ampac Flexibles.