Private Equity Firm Buys PPC

Private equity firm GTCR has closed on its purchase of PPC Flexible Packaging of Buffalo Grove, Illinois.

GTCR will partner with PPC CEO Kevin Keneally and his management team “to grow the business and expand the company’s suite of packaging solutions,” GTCR says in a news release.  GTCR also says it expects to fund future acquisitions and expansion opportunities.

Terms of the deal were not disclosed.

Founded in 1980, Chicago-based GTCR focuses on investing in growth companies in the financial services and technology, health care, media and telecommunications, and business services industries.