PPC Flexible Packaging LLC, a provider of custom flexible packaging, announces the acquisition of Tefen, Israel-based StePac, MAPfresh Holdings (StePac).
PPC, headquartered in Buffalo Grove, IL, which focuses on printing and converting of flexible films, pouches, and other innovative packaging designs, including prototypes. It does cleanroom packaging for healthcare and medical applications, consumer snack and organic brands, specialty produce, pet, nutraceutical, bakery, and horticulture markets. With the addition of StePac, the firm now operates fourteen manufacturing facilities in Buffalo Grove, IL; Mission and Kansas City, KS; Rome, GA; Payson, UT; Pewaukee, WI; Colombia, South America; McKinney, TX; Columbus and Alliance, OH; North Salt Lake, UT; Hartland, WI, and Tefen, Israel.
StePac as a company has grown to become provide post-harvest shelf life extension of high-value agricultural produce such as blueberries, cherries, pomegranates, melons, and various specialty vegetables. Utilizing extensive material science experience, its patented technologies create atmosphere and humidity-controlled packaging through roll goods, lidding and pre-made bags and pouches for bulk and retail applications. These capabilities ultimately lead to sustainable packaging solutions preventing food waste and product spoilage while providing expanded supply chain benefits.
StePac operates through a network serving customers in over 40 countries and nearly every continent from its headquarters and R&D center in Tefen, Israel.
Kevin Keneally, President and CEO of PPC, said, "StePac has been a recognized technology leader in the boutique produce market for many years. Through combining PPC's existing portfolio of produce packaging, this acquisition will bring our mutual customers a much more diverse selection of options, ultimately delivering industry-leading sustainable solutions. We couldn't be more excited to have Asaf and his highly talented team of leaders and engineers join the PPC family."
Asaf Shachnai, CEO of StePac, said, "Over the years, our team and I have built StePac to be a global leader in vertically integrated sustainable packaging for many specialty fresh produce items. Our technologies help deliver produce to customers worldwide through best-in-class, sustainable shelf life extension and preservation. We believe this combination with PPC will provide greater financial and operational resources to support our brand in this rapidly growing market segment."
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