Morgan Stanley Capital Partners Completes the Sale of PPC Flexible Packaging

Investment funds managed by Morgan Stanley Capital Partners (“MSCP”) today announced the sale of PPC Flexible Packaging (“PPC” or the “Company”) to GTCR. As part of the transaction, PPC management will continue to lead the Company and retain a significant minority stake. Financial terms of the transaction were not disclosed.

Headquartered in Buffalo Grove, IL, PPC is a leading flexible packaging provider operating across ten manufacturing locations in the United States. Since MSCP’s initial investment in 2017, PPC and MSCP have pioneered industry-leading cleanroom packaging for healthcare and medical applications, snack and organic brands, as well as specialty produce, nutraceutical and bakery end markets, while remaining committed to providing best-in-class service, quality and product innovation. PPC has led consolidation in the flexible packaging industry, completing eight acquisitions since MSCP’s investment.

“We are proud to have partnered with Kevin and the PPC team as they built one of the industry leading platforms in the flexible packaging industry,” said Eric Kanter, Managing Director and Head of Industrials at MSCP. “We believe PPC has cemented itself as a unique, high growth innovator in the sector, and we have appreciated the opportunity to work with the entire PPC team during this transformational period at the Company. We are extremely grateful for their hard work and dedication over the past four years.”