Equity investor nabs plastics film converter Plastic Packaging Technologies

PPT's current management team, including David Staker, president and CEO, and Dan Staker, executive VP, will continue leading the business under Mid Oak's ownership. PPT makes printed and laminated substrates that are then converted into flexible packaging pouches. "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," Staker said. PPT added the Ohio facility in 2009 when it acquired Cello-Poly Corp.

"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 healthcare industries, PPT is an ideal addition to our portfolio," said Wayne Kocourek, chairman and CEO, Mid Oaks (Buffalo Grove, IL). Mid Oaks also owns plastics packaging processor D&W Fine Pack.

PPT's manufacturing capabilities include printing, solventless adhesive lamination, high-speed slitting, pouch making, and converting. Selling PPT was Stonehenge Partners, Inc. and Tech Investments, LLC. The company was advised on the sale by Chicago-based investment bank, Blaige & Company.