U.S.-based ProAmpac has agreed to acquire Quebec paper manufacturer Gelpac and its six facilities in for an undisclosed price.

The Gelpac properties are located in Canada and the U.S. The companies announced the agreement in a news release.

If all goes according to plan, Cincinnati-based ProAmpac will purchase the company and its properties from an investor group that is led by Montreal-based Namakor Holdings and includes Groupe W Investissements (W Investments) and the Caisse de dépôt et placement du Québec (CDPQ).

Founded in 1956, Marieville, Que.-based Gelpac produces multiwall paper bags and polyethylene packaging packaging products at manufacturing plants in Marieville, Farnham, Que.; Brampton, Ont.; Haverhille, Mass.; Beaverton, Ore.; and Lubbock, Tex.

The deal is intended to better serve ProAmpac’s customers in the high-growth food and beverage, agriculture, industrial and pharmaceutical end markets.

ProAmpac is owned by Chicago-based Pritzker Private Captal, management and other co-investors.

“Gelpac is a complementary addition to ProAmpac’s growing platform across Canada and the United States,” said Kaitlyn Desai, principal at Pritzker Private Capital. 

Gelpac will maintain its head office and plants in Quebec after the deal closes.

Namakor is a private-equity firm that focuses on lower middle-market manufacturing companies in North America. The company also has offices Tampa and Boston.

W Investments is a Montreal-based private-equity firms. Montreal-based CDPQ ranks among Canada and the world’s largest institutional investors with $434 billion in net assets.