GTCR, a private equity firm, has closed the acquisition of PPC Flexible Packaging.
PPC, headquartered in Buffalo Grove, Illinois, is a supplier of flexographic printing and converting of flexible films, bags, pouches and prototype packaging.
“Kevin and the PPC team have built a remarkable business in a short period of time by acquiring differentiated packaging assets focused on attractive end markets,” said GTCR managing director David Donnini. “We look forward to being partners with the PPC team and continuing their successful consolidation of high-quality flexible packaging companies.”
“PPC is excited to partner with GTCR. We will continue to support our customers with exceptional service while expanding our product offering through innovation and acquisitions,” said PPC CEO Kevin Keneally. “GTCR brings unique experience in building industry-leading companies and expects to commit additional capital to fund growth.”
Tom Ehrhart, principal at GTCR, added, “PPC’s innovative packaging solutions and dedication to exceptional customer service create a strong platform that sets the Company apart. We are thrilled to partner with Kevin and the PPC team.”