Packaging Acquisitions in Wisconsin

PPC Flex, a GTCR‑sponsored North American flexible packaging platform, has acquired the United States operations of SÜDPACK, including a manufacturing facility in Oak Creek, Wisconsin. The deal expands PPC Flex’s flexographic printing, conversion and cold‑seal capabilities and increases capacity to serve meat & cheese, snack, confectionary and healthcare packaged‑goods customers.

TricorBraun has acquired Craft Beverage Warehouse, a Milwaukee-based digital printing specialist for canned beverage brands. The purchase expands TricorBraun’s North American beverage packaging and digital printing capabilities and will be integrated into CanSource, with Craft Beverage Warehouse operating independently until early 2026; financial terms were not disclosed.

TedPack LLC acquired the flexible packaging business operations of Fairview International LLC effective July 1, 2025, and established its first U.S. subsidiary with headquarters in Port Washington, Wisconsin. The deal preserves existing customer relationships and transitions Fairview's Jackson, Wisconsin packaging operations to TedPack to provide localized service across all 50 states.

Aterian Investment Partners (through an affiliate) has acquired Outlook Group, LLC, a Neenah, Wisconsin-based provider of pressure-sensitive labels and turnkey packaging solutions, from Heartwood Partners II, LP and affiliated entities. Outlook operates two Wisconsin locations with approximately 260 employees and serves food & beverage, consumer staples and healthcare customers; Aterian plans to support organic growth and M&A to expand the business.

Summit Plastics, a LongueVue Capital portfolio company, has completed an acquisition of Fredman Bag Company, a Milwaukee-based manufacturer of printed and converted flexible packaging. The add-on expands Summit's geographic presence and product capabilities, integrating Fredman's printing and converting expertise into the Summit/ClearView platform.

Industrial Opportunity Partners has completed the sale of portfolio company Midwest Paper Group Holdings, Inc. to McKinley Paper Company, a subsidiary of Bio Pappel S.A. de C.V.; terms were not disclosed. Midwest Paper is a Combined Locks, Wisconsin-based manufacturer of recycled containerboard and recycled bag products, and the divestiture represents IOP’s first realization from its third fund.

Wynnchurch Capital has acquired the thermal coating business assets of Appvion Holding Corp., a long-established provider of direct thermal coatings and renewable, fiber-based packaging solutions. The transaction, terms not disclosed, transfers Appvion's thermal coating operations (headquartered in Appleton, Wisconsin) to Wynnchurch, which said it will invest to drive growth and capitalize on tailwinds in labels and packaging.

Funds managed by Blackstone Tactical Opportunities have acquired Sustana Group, a North American manufacturer of recycled fiber, paper and sustainable packaging products, from an affiliate of H.I.G. Capital. The transaction positions Sustana to accelerate expansion and capitalize on growing ESG-driven demand for sustainable packaging and premium papers under Blackstone's ownership.

ProMach has acquired CL&D Graphics and CL&D Digital, adding flexographic and digital web packaging and converting capabilities to its portfolio. The acquisition brings CL&D’s four locations and more than 280 employees (headquartered in Hartland, Wisconsin) into ProMach to expand its flexible packaging offerings and provide combined machinery-and-material solutions to CPG customers across North America.

Altor Solutions, a Compass Diversified (CODI)-backed designer and manufacturer of protective packaging, has acquired Plymouth Foam, a manufacturer of protective and cold-chain packaging, for an enterprise value of $56 million. The acquisition expands Altor's geographic footprint and capabilities—adding two manufacturing facilities in Plymouth, Wisconsin and Gnadenhutten, Ohio—and broadens its end-market exposure to food & beverage, pharmaceuticals, RV and construction customers.

C-P Flexible Packaging, a portfolio company of First Atlantic Capital, has acquired Prestige‑Pak, Inc., a family‑owned Wisconsin manufacturer of printed packaging films serving retail food markets. The acquisition expands C‑P’s North American manufacturing footprint and adds flexographic printing, laminating and slitting capabilities to support snack, confectionery and baked‑goods customers.

Liberty Paper Products Acquisition LLC (dba Liberty Greenleaf) announced on January 22, 2020 that it has acquired Hamco Manufacturing, LLC, a division of Tufco, LP. The deal brings Hamco’s point-of-sale paper roll and forms manufacturing into the Liberty Greenleaf platform to expand product capabilities and better serve a national customer base.

Advanced Barrier Extrusions (ABX), a Graham Partners portfolio company, has acquired the business of Flexographic Packaging Company (FPC) from its founder. The acquisition vertically integrates ABX by adding flexographic printing and laminating capabilities to its multi-layer high-barrier film co-extrusion offering, expanding its ability to serve food (and related) packaging customers.

The Halifax Group completed a recapitalization investment in Prairie Industries, Inc. and Nu-Pak, Inc., partnering with the companies' founders and management to support growth in contract packaging and contract manufacturing. Headquartered in Prairie Du Chien, Wisconsin, the combined business operates multiple packaging and food-manufacturing facilities; terms were not disclosed.

Charter NEX Films, owned by private equity firms Leonard Green & Partners and Oak Hill Capital, has reached a definitive agreement with Dave Frecka to combine with Next Generation Films, creating a larger specialty films platform. The combined company will operate as two synchronized divisions, maintain existing management teams, and expand manufacturing footprint and technical capabilities across multiple U.S. states.