Further, the paper converting acquisition is another demonstration of Pregis' commitment to its previously announced 2K30 sustainability objectives. For more than a decade, the company has brought to the marketplace a portfolio of products that address environmental concerns, as well as deliver protective attributes critical for damage-free delivery of products to consumers. The Danco acquisition will enable Pregis to add complementary curbside recyclable products to its offering and support the explosive demand for paper solutions.

"Danco has been a strong converting paper partner to Pregis for many years. The materials are used in conjunction with our Easypack® paper void fill systems. With the continued growth experienced by our paper systems, it was a natural next step in our evolution to vertically integrate the process. Acquiring such a well-run, successful converting partner like Danco will help us achieve our goals," explained Kevin Baudhuin, president and chief executive officer, Pregis.

Danco's Chicago-based operation provides an additional central US geographic location from which to meet Pregis' paper-based product requirements. It is ideally positioned to serve other customers in the region which use a wide variety of converted paper products for applications ranging from industrial, protective and food service.

The acquisition is Pregis' third under Warburg Pincus ownership. Last year, Pregis acquired the U.S. based company that produces the newly rebranded Pregis EverTec™ curbside recyclable, paper padded mailer and a temporary protective films manufacturer in Milan, Italy to expand the Pregis PolyMask™ offering.

About Danco Converting

Founded in 1983, Danco has grown to be a respected converter of a wide variety of paper products. The company's significant expertise in slitting/rewinding, sheeting, embossing, printing, as well as custom projects and new product development, has made them the converter of choice for industrial, foodservice and protective paper-based products. For more information: www.dancopaper.com.