Lacerta Group, a provider of thermoformed packaging services and a portfolio company of SK Capital Partners, has acquired substantially all of the assets of Portage Plastics Corp. and PPC Investments LLC.

Portage Plastics is a manufacturer of thermoformed packaging products based in Portage, Wis. With this deal, Lacerta works to make near-term investments to grow capacity and leverage this location and strong workforce. As part of the transaction, Lacerta has retained over 50 Portage Plastics employees.

“This transaction is an important step in Lacerta’s growth story and will allow us to better serve our expanding customer base in the midwest and central U.S.,” comments Peter Lennox, CEO of Lacerta.