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Lacerta Group announced that on December 21 it acquired the production facility and other assets of Portage Plastics Corporation and PPC Investments, LLC, a manufacturer of thermoformed packaging products based in Portage, WI. As part of the transaction, Lacerta has hired over 50 Portage Plastics employees.
Lacerta is a leading North American provider of innovative and sustainable thermoformed packaging solutions, primarily made from PET. Lacerta offers a comprehensive product portfolio and in-house design capabilities, with a particular focus on customers in the prepared food and fresh produce sectors. Lacerta is a market leader in fully recyclable packaging containing post-consumer resin, which is increasingly gaining importance as its customers seek out more sustainable options to reduce their carbon footprint.
“We are excited to acquire a great manufacturing site in Portage Wisconsin and welcome a talented group of dedicated associates to the Lacerta family,” said Peter Lennox, CEO of Lacerta. “This transaction is an important step in Lacerta’s growth story and will allow us to better serve our expanding customer base in the Midwest and Central United States.”
Lacerta plans to make near-term investments to grow capacity and leverage this attractive location and strong workforce. Since partnering with SK Capital Partners in December 2020, Lacerta has made significant investments to expand its production capacity and capabilities at its facilities in Mansfield, MA and Chatsworth, CA.
