Fisher Buys PPC ( Cont’d from Page 1)
managed by Morgan Stanley Capital Partners (MSCP), the Private Equity team within Morgan Stanley In- vestment Management. PPC represents the first add- on acquisition for Fisher since Morgan Stanley’s investment in February 2017. Based in Buffalo Grove, Illinois, Fisher produces ad- vanced and technical flexible packaging products, which can be used in the cleanroom and healthcare, food and industrial end markets. The company is engaged in the printing and con- verting of flexible films, bags and plastic pouches. It is a third-generation company; it was founded by Don Fisher, and its management team now includes his sons Michael and Brad and Michael’s sons Kyle and Brandon.The company consists of two divisions: Fish- er Container Corp. and Precision Clean Products. Fisher Container is an environmentally progres- sive manufacturer that has introduced a number of initiatives, including installing a catalytic oxidizer that has been updated to a regenerative thermal oxidizer, which runs on natural gas to reach oper- ating temperature and then uses VOC emissions as fuel. It also changed the plant lighting to a low en- ergy f luorescent for 25 percent reduction in power consumption. “PPC enhances Fisher’s position in the food market with its unique set of capabilities that has translated into a favorable position with blue chip and innova- tive food manufacturers,” said Morgan Stanley Capital Partners Managing Director Eric Kanter. “We plan to build upon the successes of these two businesses,” said Mark Bye, Managing Director and Op- erating Partner of Morgan Stanley Capital Partners. UPM Raflatac Launches Security Labeling In Europe UPM Raflatac has launched four new products for security labeling to the European market. The new Raflasec range of security labeling materials promises a full 30-month window for any requalification re- quirements, with a two-year shelf life from the date of manufacture and six months’ notice of any future change. The four new materials have varying security, anti- counterfeiting, and tamper-proof features. Raflasec Holo Security is a holographic material that can be combined with security cuts so that the label breaks when tampered with. Raflasec Fibres contains both visible and invisible fibers to allow authentication under UV light. The company also offers Raflasec Seal and Raflasec Chameleon.
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4 June 12, 2017 Flexo Market News
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