Fox Williams LLP has successfully completed the sale of Rapid Action Packaging Limited (“RAP”) to Cincinnati based ProAmpac, a leader in flexible packaging. The sellers included Ludgate Environmental Fund, a leading European, sustainability focused investment company and existing management.
RAP is a leading designer and manufacturer of sustainable packaging for fresh prepared foods sold at retail, including sandwiches, wraps, chicken tenders and salads. With this acquisition, ProAmpac expands its manufacturing capabilities to produce primary packaging for ready-to-eat and fresh prepared foods, broadening its sustainable product offering for retail food markets.
Graham Williams, CEO of RAP said, “Our two companies are highly complementary, with a collaborative working relationship and a common strength in our research and innovation practices. Together with ProAmpac, we will create stronger solutions for our customers. Fox Williams has represented RAP for many years, and I would like to thank Paul and his team for their expert and forthright advice which culminated in this successful transaction.”
Paul Osborne, senior partner at Fox Williams, led the transaction and commented “RAP has been a long-standing client of the firm and we are delighted to have helped the business and its management become part of the global ProAmpac group.”
Kirkland & Ellis acted for ProAmpac.