PPC Flexible Packaging LLC (PPC) recently announced it bought Israel-based StePac, MAPfresh Holdings.
PPC, which is headquartered in Buffalo Grove, Illinois, now operates 14 manufacturing facilities with the addition of the StePac operation in Tefen, Israel.
Terms of the deal were not disclosed.
“Founded in 1992 as a nylon film extruder providing sterilizable packaging for medical and healthcare markets, StePac refocused its capabilities shortly thereafter to bring new and emergent technologies to developing fresh produce markets,” PPC said in a news release. “Over the years, the company has grown to become the globally recognized leader in post-harvest, shelf-life extension of high-value agricultural produce such as blueberries, cherries, pomegranates, melons, and various specialty vegetables.”
StePac’s patented technologies create atmosphere and humidity-controlled packaging through roll goods, lidding, and premade 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,” PPC said in a news release.
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, according to the news release.
“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,” said Kevin Keneally, president and CEO of PPC, in a release.