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PPC Flexible Packaging Announces Acquisition of Temkin International

November 27, 2018

BUFFALO GROVE, Ill.--(BUSINESS WIRE)--Nov 27, 2018--PPC Flexible Packaging, LLC, a leading provider of custom flexible packaging for specialty food and healthcare markets, today announced the acquisition of Payson, Utah–based Temkin International.

PPC, headquartered in Buffalo Grove, IL, is a leader in flexographic printing and converting of flexible films, bags and pouches. PPC is a recognized pioneer in cleanroom packaging for healthcare and medical applications, “better for you” snack organic brands, produce, pet food and bakery. The firm operates three manufacturing facilities in Buffalo Grove, IL, Mission, KS, and Rome, GA. Its facilities are SQF and ISO-9001 certified. Founded in 1968, PPC strives to provide the highest quality products with best-in-class lead times and service.

Temkin International, founded in 1980 and headquartered in Payson, UT has provided customers with superior packaging products by focusing on the core principles of service, value and distinction. Temkin is a recognized provider of rollstock, stand-up pouches and floral sleeves and operates state-of-the-art manufacturing facilities in Payson, UT and Bogota, Colombia with offices in Miami, FL and Toronto, Canada. Offering in-house graphics and plate making capability, the company is known for speed to market in key target segments including food, fresh produce, floral and stationary and craft. The company is AIB certified.

Kevin Keneally, CEO of PPC Flexible, said, “We are thrilled to have the outstanding team at Temkin International join the PPC family. Danny Temkin and Lynn Abplanalp have assembled a world-class manufacturing, pre-press and graphics operation recognized industry wide for its innovation, service and quality. Having a west coast and South American presence expands our geographic footprint and provides us deeper capabilities in stand up pouch, plate making and flexographic printing.”

Danny Temkin, founder of Temkin International, said, “Since starting the business in 1980, we at Temkin have been at the forefront of providing our customers with the highest quality packaging through best in class printing and use of innovative converting technology. I’m tremendously proud of our company, whose over 500 employees across three countries serve our clients in a first-class way. Temkin is excited to partner with PPC. Together, PPC and Temkin will continue to deliver high quality products and service to our clients.”

Eric Kanter, Managing Director of Morgan Stanley Capital Partners, said, “We believe Temkin is an excellent complement to PPC, enhancing the product offering to the market while embodying the same service-focus culture as PPC. We congratulate Mr. Temkin on his tremendous success, and we’re thrilled to partner with Lynn Abplanalp and the rest of the Temkin employees.”

The combined company will operate under the name PPC Flexible Packaging and its go-to market strategy for the produce and floral segments will continue to operate under the highly respected Temkin brand.

About PPC Flexible Packaging, LLC:

Based in Buffalo Grove, Illinois, PPC Flexible Packaging is a leading provider converted flexible packaging for the healthcare, medical, organic snack, pet food, bakery and produce markets. The company excels in the design and manufacture of value-added printed, laminated and stand up pouch packaging for the most demanding applications. Recognized for its focus on exceptional speed to market, it excels in delivering service, quality and technology to its valued customer base. The company is privately owned by management and Morgan Stanley Capital Partners. Please visit www.ppcflex.com.

About Morgan Stanley Capital Partners:

Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over two decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments primarily in North America, and seeks to create value in portfolio companies primarily through operational improvement. For further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181127005664/en/

CONTACT: Brandon Fisher

Director of Sales

brandon.fisher@ppcflex.com

(847) 541-0000

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS UTAH

INDUSTRY KEYWORD: MANUFACTURING PACKAGING

SOURCE: PPC Flexible Packaging, LLC

Copyright Business Wire 2018.

PUB: 11/27/2018 11:48 AM/DISC: 11/27/2018 11:48 AM

http://www.businesswire.com/news/home/20181127005664/en

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