Plastic Packaging Technologies, LLC (PPT), a leading manufacturer of flexible packaging, has been purchased by privately-held Mid Oaks Investments LLC, Buffalo Grove, Ill., for an undisclosed amount.
“Mid Oaks has enjoyed a successful 20-year
investment track record in the food packaging industry. As a leading, vertically-integrated
manufacturer of flexible packaging products for the food, pet food, specialty
consumer and health care industries, PPT is an ideal
addition to our portfolio,” says Wayne Kocourek, chairman and chief executive
officer (CEO), Mid Oaks.
PPT’s current management team, led by
David Staker, president and CEO and Dan Staker, executive vice president, will continue
leading the business under Mid Oaks' ownership.
“PPT prides itself on providing innovative,
high quality products using the best technology available. With Mid Oaks as our new owners, we will have
additional resources at our disposal to help PPT grow to the next level,” says
PPT also is known for its superior printed and laminated
substrates which are then converted into flexible packaging pouches with strong
The company goes a step
further by working with brand owners and private label customers to insure the
packages also have the desired functionality.
“It’s not enough just to produce an attractively-printed
stand up pouch. You have to work with
the customer to make sure you add the right functionality – sliders, spouts, tear-off
scoring, etc. – which will support product growth and attract repeat purchases,”
The company’s manufacturing capabilities include printing,
solventless adhesive lamination, high-speed slitting, pouch making and
converting. PPT employs approximately 200 people and operates
state-of-the-art equipment in its Kansas City, Kan., and Columbus, Ohio, production facilities
totaling 175,000 sq. ft. of manufacturing space.
PPT was previously owned by
Stonehenge Partners, Inc. and Tech Investments, LLC. The company was
advised on the sale by Chicago-based investment bank, Blaige & Company.
Mid Oaks Investments LLC
Plastic Packaging Technologies purchased by Mid Oaks Investments
January 4, 2011