Ampac Packaging Acquires Tamper-Evident Security Bag Business from Sealed Air Corporation

CINCINNATI, Ohio, April 16 /PRNewswire/ -- Ampac Packaging LLC has acquired Sealed Air Corporation's Trigon(R) Security Products business and related assets in North America and Europe. The transaction includes the purchase of assets from operations located in Kent, WA and Melbourn, UK.

The purchase includes the KeepSafe(R) Gold, Silver and Bronze security bag product line which is used by financial institutions, armored carriers and retailers for the depositing and shipping of cash, checks and other valuables. The acquisition of the KeepSafe(R) brand adds a patented thermochromic ink closure to Ampac's already robust security bag offerings. (Thermochromic inks located within the void tape, permanently change color when a heat device is used to breach the seal.)

Operations from the Kent plant will be transferred to Ampac's primary manufacturing facility in Cincinnati and will operate under the company's Retail Packaging Group, headed by Chad Murdock, vice president, retail sales.

"This acquisition continues to solidify our expanding position as the leading supplier of security bag products in the world. The addition of the UK facility to our existing United States, China and Vietnam operations gives Ampac manufacturing capability on three continents, making us a true global supplier of tamper-evident security products," says Murdock.

The UK facility will operate under Sep Italiano who transitions over as managing director of Ampac's UK operation. Gary Gaugl, also formerly with Sealed Air, becomes national sales manager of the U.S. business unit.

Ampac's Retail Packaging Group is the largest global manufacturer of security and shopping bag products. Primary products include deposit, cash control and upscale plastic and paper shopping bags. Ampac Flexibles manufactures up to nine-layer, coextruded films and premade pouches featuring laser scoring, fitments and zippers for the food and medical industries.

Ampac Packaging LLC is privately held, and is owned by senior executives together with equity backing by Prudential Capital Group and Falcon Investment Advisors. It is a diversified, international, flexible packaging company with ten manufacturing centers in North America, UK and Asia employing approximately 1,000 people with revenues in excess of $250 million annually.

For more information, visit Ampac's website at: http://www.ampaconline.com/.