PPC Flexible Packaging LLC, a Buffalo Grove, Ill.-based film converter and flexographic printer, has purchased a similar company: Plastic Packaging Technologies LLC (PPT) of Kansas City, Kan.
PPT employs 425 in manufacturing and distribution facilities in Columbus, Ohio, and Kansas City. PPT opened in the early 1970s and in 2002 was acquired by the Staker brothers — David, who became CEO and president, and Vice President Dan. They will continue with the company.
Kevin Keneally founded PPC in 2017. For a time, it was owned by Morgan Stanley Capital Partners of New York. One year ago, PPC became a portfolio company of GTCR LLC, a 42-year-old private equity firm based in Chicago. Keneally remains CEO.
"We've known David and Dan [Staker] for the entire 20 years of their ownership of PPT and have watched them build one of the most respected, technology-driven firms in our industry," Keneally said in an Oct. 21 news release.
The company did not respond to requests for more information.
PPT's two facilities in Kansas City and one in Columbus bring PPC's plant count to 13; PPC already has production facilities in Mission, Kan., and Alliance, Ohio, as well as Georgia, Texas, Utah, Wisconsin and Bogotá, Colombia.
Both companies produce pouches and do flexographic printing. Their markets overlap — both make clean room packaging used in health care and medical applications, as well as a range of pouches and other packaging for consumer snacks, pet food and horticulture markets.