Printing and packaging specialists Euroflex Teo has announced its acquisition by ProAmpac.
The move has been hailed as an exciting expansion of the ProAmpac family and a growth opportunity for Euroflex, both located in the Gaoth Dobhair Business Park.
“This transaction brings together complementary capabilities, allowing ProAmpac to deliver an even greater array of quality products, innovation, and outstanding customer service to our markets,” said Euroflex.
Euroflex currently employs 60 people in Gaoth Dobhair and this employment and its manufacturing facilities will be maintained to strengthen and enhance the expertise of flexible packaging company ProAmpac.
Euroflex Teo., a family-owned business based in Gaoth Dobhair with the support of Údarás na Gaeltachta since 2005, is a leading supplier of protein packaging products and also serves fast-growing segments including coffee, pet food and nutrition supplements.
ProAmpac Holdings, LLC acquired R.A. Pacáistí Teo (Rapid Action Packaging – RAP) in January of this year. The company made a significant contract announcement with C&D Foods in May 2021.
The agreed acquisition, the terms of which have not been disclosed, will strengthen the printed film, lamination and pouching packaging capabilities of ProAmpac. The acquisition brings the company’s employment figures to 300 people.