Investcorp Leads INR 340 Crore Growth Investment in Canpac Trends

International Paper Acquires North Pacific Paper Company (NORPAC) for $360 Million

April 17, 2026

Packaging

International Paper entered into an agreement to acquire North Pacific Paper Company (NORPAC) from One Rock Capital Partners for $360 million. NORPAC operates a paper mill in Longview, Washington and produces lightweight recycled containerboard and other paper grades. The acquisition is intended to strengthen International Paper’s West Coast packaging capabilities and improve production flexibility and service levels.

Butterfly Equity Acquires ePac Flexible Packaging

January 16, 2026

Manufacturing

Butterfly Equity has completed its acquisition of ePac Holdings, the San Diego–headquartered digitally printed flexible packaging provider, from an investor consortium that included Amcor and Indevco North America; financial terms were not disclosed. The deal establishes ePac as Butterfly’s first platform investment in packaging and keeps incumbent management (including CEO and co‑founder Virag Patel) in place with a significant retained ownership stake as Butterfly backs ePac’s growth across its 14 North American facilities and its proprietary ePacONE technology.

ProAmpac to Acquire PAC Worldwide

August 30, 2025

Packaging

ProAmpac signed a definitive agreement to acquire PAC Worldwide, a customized flexible packaging solutions provider. The combined company will expand ProAmpac’s geographic footprint and deepen vertical integration across materials, film, converting, and recycled paper capabilities for e-commerce, consumer packaged goods, and industrial markets.

ProAmpac Acquires Gelpac from Investor Group Led by Namakor

March 13, 2024

Packaging

ProAmpac has signed a definitive agreement to acquire Gelpac from an investor group led by NAMAKOR Holdings, with Groupe W Investissements and CDPQ participating. The acquisition expands ProAmpac’s flexible-packaging capabilities and capacity across the United States and Canada, allowing the combined company to better serve food & beverage, agriculture, industrial and pharmaceutical end markets.

CDPQ Acquires Significant Stake in ICR (Investcorp Portfolio Company)

September 21, 2021

Marketing & Advertising

Caisse de dépôt et placement du Québec (CDPQ) will acquire a significant stake in ICR, the Investcorp‑backed strategic communications and advisory firm, joining Investcorp and ICR management to support the company’s growth and global expansion. The transaction is intended to accelerate ICR’s organic growth and acquisition strategy; it remains subject to customary regulatory approvals.

Warburg Pincus (Green Fin) Acquires Majority Stake in Parksons Packaging

April 26, 2021

Packaging

Green Fin Investments B.V., an affiliate of Warburg Pincus, acquired a majority stake in Parksons Packaging Limited, India’s largest independent folding carton manufacturer. Existing private equity investors Kedaara Capital AIF 1, Olza Holdings Limited and IIFL fully exited while the Kejriwal founder family sold a partial stake and will continue operating the business.