A growing flexible packaging maker is getting even bigger.
PPC Flexible Packaging LLC is acquiring Consumer Packaging Group Inc. of Hartland, Wis., a provider of rapid-turnaround prototypes and package samples for consumer products companies. The company's sweet spot includes the food and beverage markets.
This is just the latest in a series of deals for Buffalo Grove, Ill.-based PPC.
CPG's founder and CEO, Cam Knuth, said the sale of the company will allow for expansion.
"I have been an entrepreneur for the past 15 years, but I reached the point where I had become a limitation to the further growth of the company," Knuth said in a statement. "Our business model is very unique."
He called PPC "a buyer that has the team, experience and market presence to help grow CPG more quickly."
Investment bank TKO Miller LLC of Milwaukee advised CPG on the deal.
"The acquisition of CPG represents a unique opportunity for our sales team to align with our customers at the earliest stages of the product development cycle. We'll now be able to offer packaging prototypes and mockups in 24 hours,” PPC CEO Kevin Keneally said in an email interview.
PPC makes and converts films, pouches and bags.
It was just in May that the company purchased Target Labels & Packaging LLC, the seventh deal for the company in less than four years.
Target Labels, of North Salt Lake, Utah, made labels, rollstock and pouches with a focus on the western portion of the country, PPC said at the time. Key markets included nutraceuticals, snacks, confections and specialty markets.
Prior to the Target Labels deal, PPC acquired flexible packaging converter Custom Poly Bag Inc. of Alliance, Ohio, in December.