Mid Oaks Investments LLC has acquired flexible plastic packaging processor Plastic Packaging Technologies LLC (PPT) for an undisclosed amount. PPT employs about 200 and has processing facilities in Kansas City, KS and Columbus, OH. Its products include converted pouches, bags, and film roll stock.
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.