Wedoany.com Report on Mar 17th, Gravis Global Products, based in Rolling Meadows, Illinois, USA, has announced the acquisition of Procon Pacific, located in Lombard, Illinois, to enhance its bulk packaging capabilities for industries such as chemicals, food, and minerals. Procon Pacific is a distributor of Flexible Intermediate Bulk Containers (FIBCs) and BOPP woven bags. Founded in 2004, the company has teams in the United States, China, and India.
Vishal Rao, CEO of Gravis, stated: "This acquisition is a key step in strengthening our position as a supplier of bulk shipping packaging in North America. Procon Pacific brings an excellent team, stable customer relationships, and global sourcing experience. Through collaboration, we will be better equipped to serve our customers with broader capabilities, reliable supply, and continuous innovation."
As part of the acquisition, Procon Pacific's team will join Gravis, and its Lombard office will continue to serve as a hub for North American operations. Integration efforts have commenced, aiming to ensure continuity in service, operations, and customer relationships. The combined organization will focus on delivering high-quality packaging solutions for industrial applications.
Gravis is a leading provider of custom bulk shipping packaging solutions in North America, with over 50 years of experience. Its product portfolio includes FIBCs, bulk liners, container liners, 10-50 kg bags, pallet liners, and plastic pallets. The transaction was advised legally and financially for Gravis by Ackerman LLP and Mesirow, while Seyfarth Shaw LLP and Morgan Stanley served Procon Pacific.
This deal reflects the continued growth in merger and acquisition activity within the packaging market. According to Stout's "Annual Review of the Plastics Industry Report," the plastic packaging sector completed 89 deals in 2025, a 19% increase from 2024, benefiting from stable consumer demand. Looking ahead, buyers are showing a preference for platforms equipped with automation, AI-supported systems, and data-driven quality control.
Michael Benson, Managing Director of Stout's Investment Banking Group, told PlasticsToday: "Businesses with sustainable profits, clear pipelines, and credible growth paths will command a premium, while those with poor execution may face pricing pressure." He advised owners of plastic processing companies to establish formal sales tracking processes, focus on automation capital expenditures, and leverage AI to enhance productivity.
