Australian Flexographic, a flexible packaging supplier, will be relocated from Sydney and merged with Adelaide firm Poly Products, which manufactures specialised flexible packaging products.
Pro-Pac said the deals would be funded from existing cash and bank facilities and that the two acquisitions would deliver a combined turnover of about $16 million.
Chief executive Brandon Penn said: "The purchase of these businesses provides Pro-Pac with more food-focused product coverage in line with our strategy of further expanding into the Australian food packaging market."
Pro-Pac is no stranger to acquisitions: it added $49 million to its bottom line after buying 10 businesses between October 2011 and November 2012.
Meanwhile, Pro-Pac has forecast that it will generate a net profit of about $5 million on revenue of $170 million for the 2012-13 financial year.
[LinkedIn: Have you ever been approached to sell your business?]
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.
Sign up to the Sprinter newsletter