Gaeltacht company R.A. Pacáistí Teo. (Rapid Action Packaging – RAP) has received a timely New Year’s boost with the completion of their acquisition by ProAmpac Holdings, LLC, a US based, privately held, manufacturer of flexible plastic and paper packaging solutions.
ProAmpac, a global leader in flexible packaging, today confirmed the acquisition of the Údarás na Gaeltachta client company located in Gaoth Dobhair Business Park from Ludgate Investments.
RAP will join the ProAmpac brand and will maintain all of its operations at its manufacturing facilities in Gaoth Dobhair in the Donegal Gaeltacht and in London. Terms of the transaction were not disclosed.
This represents the significant expansion opportunity that R.A. Pacáistí Teo (RAP) have been striving for in recent years where the company now employs up to 200 people at its cutting-edge manufacturing facility in the Donegal Gaeltacht and has been achieving significant milestones in its considerable growth since 1997.
With the addition of RAP, following extensive discussions over the last number of years, ProAmpac now has 37 manufacturing sites globally, with nearly 4,800 employees supplying more than 5,000 customers in 90 countries. As a market leader in its industry, ProAmpac’s objective is to continue to grow their business and provide a work environment where employees feel secure in their jobs. The company will continue with its strategic growth to remain the market leader and while RAP will change its name to ProAmpac, there will be minimal changes to the company’s existing policies, procedures and operations.
Welcoming the acquisition, Anna Ní Ghallachair, Chairperson of the board of Údarás na Gaeltachta extended a warm ‘Céad Míle Fáilte’ to ProAmpac to Ireland and to the Gaeltacht.
“The investment by ProAmpac in the rural Donegal Gaeltacht represents a vote of confidence in the world class standards that have been achieved by R.A. Pacáistí Teo and is a welcome boost at the start of the New Year.
Over the past year we have seen Gaeltacht companies show determination and courage in a particularly challenging environment brought about by the global pandemic and by Brexit. This positivity has served them well and will, no doubt, reap considerable benefits for both RAP and ProAmpac into the future.”
Greg Tucker, CEO of ProAmpac, said RAP is an excellent addition to the ProAmpac family.
“We are excited to add the company’s ready-to-eat packaging innovation capabilities to our existing portfolio. With this partnership, we are extending our product reach in food service to now include primary, fresh food packaging to our portfolio, and we will continue to bring innovative ideas and products to a growing customer base.”
Graham Williams, CEO of RAP said the two companies are highly complementary, with a collaborative working relationship and a common focus on innovation.
“Together with ProAmpac, we will create stronger solutions for our customers. We look forward to expanding our reach in Europe and North America and we are excited to help ProAmpac serve even more customers in the retail market. I would like to thank Ludgate for their financial support and strategic guidance positioning RAP for an exciting future with ProAmpac.”