US investor buys speciality plastic packaging producer for undisclosed amount / Plans to grow business
Speciality plastic packaging producer PPC Industries (Pleasant Prairie, Wisconsin / USA; www.ppcind.com) has been bought by US investment group Kohlberg & Company (Mount Kisco, New York / USA; www.kohlberg.com). Financial details of the deal were not disclosed, although middle market lender GE Antares said it served as an administrative agent on a USD 160m senior secured credit facility used to support the acquisition.

Commenting on the purchase, PPC chief executive Jonathan Waldron said, “This transaction will give PPC access to capital, and it positions the company to continue to thrive in the future.” Kohlberg partner Seth H. Hollander added that the investor plans to continue to grow PPC’s business, “both organically and via acquisition”.

PPC sells a wide range of customised medical tubing as well as bags and films under its “Kelpac” brand, alongside bag and film products for the food and industrial end-markets, marketed under “PPC”. In addition to two manufacturing plants in the US, PPC also operates facilities in Costa Rica, Malaysia and Ireland.
13.11.2014 Plasteurope.com [229748-0]
Published on 13.11.2014

© 2001-2023 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2023 by Plasteurope.com, Bad Homburg
Date of print: 28.01.2023 18:48:07   (Ref: 677962508)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp