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Lacerta Group Announces Acquisition Of Portage Plastics Assets

Jan 09, 2023•almost 3 years ago

Acquiring Company

Lacerta Group

Acquired Company

Portage Plastics Assets

Manufacturing

Description

Lacerta Group (“Lacerta”) announced that on December 21 it acquired substantially all the assets of Portage Plastics Corporation and PPC Investments, LLC (together, “Portage Plastics”), a manufacturer of thermoformed packaging products based in Portage, WI. As part of the transaction, Lacerta has retained over 50 Portage Plastics employees.

Company Information

Company

Lacerta Group

About

Founded in 1993, Lacerta Group, LLC (“Lacerta” or the “Company”) is a leading provider of innovative thermoformed packaging solutions. The Company offers a comprehensive range of custom PET packaging products, including a leading line of tamper-evident products sold under the “Fresh N’ Sealed” brand. Lacerta has built its reputation based on product quality, innovation, customer service and speed to market. The Company offers a comprehensive product portfolio and in-house design capabilities, with a customer-centric business model focused on tailored solutions for food processors and supermarkets. Lacerta’s fully integrated manufacturing platform includes capabilities across the product lifecycle in design & engineering, prototyping, mold-making & tooling, thermoforming, extrusion, and printing. Headquartered in Mansfield, Massachusetts, Lacerta operates four facilities in Mansfield and one in Chatsworth, California. Lacerta is a portfolio company of SK Capital Partners. For more information regarding Lacerta, please visit www.lacerta.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed