TKO Miller Facilitates SÜDPACK's Transition of U.S. Operations to PPC Flex

TKO Miller Facilitates SÜDPACK's Transition to PPC Flex

Milwaukee, January 12, 2026 – TKO Miller, a prominent middle-market investment banking firm, has officially announced the completion of the sale of the U.S. operations of SÜDPACK to PPC Flex, a leading manufacturer specializing in flexible packaging. This strategic move is seen as a significant development in the flexible packaging sector, strengthening PPC Flex's capabilities in providing high-performance films and innovative packaging solutions.

About the Deal

SÜDPACK, noted for its expertise in high-performance films tailored for various sectors, has made a strategic decision to transition its U.S. operations. TKO Miller acted as the exclusive advisory firm in this pivotal transaction. The acquisition by PPC Flex, which is known for its focus on specialized, high-value end markets, is expected to facilitate greater innovation and service delivery in flexible packaging across North America.

The Companies Involved

SÜDPACK

SÜDPACK, with its headquarters in Ochsenhausen, Germany, has been a key player in the high-performance film manufacturing industry since its founding in 1964. The family-owned company is recognized worldwide for its cutting-edge technology and sustainable practices, providing packaging solutions primarily catered to the food, medical, and pharmaceutical industries. SÜDPACK operates several state-of-the-art manufacturing facilities across Europe, adhering to top-tier quality and safety standards, including capabilities for cleanroom manufacturing. Sustainability is at the core of SÜDPACK's operations, reflecting its commitment to responsible corporate practices and innovation towards a circular economy in the plastics sector.

PPC Flex

PPC Flex, headquartered in Buffalo Grove, Illinois, specializes in printed and converted flexible films and innovative packaging solutions. The company serves a diverse array of clients within cleanroom packaging, consumer goods, pet care, and specialty markets. It is strategically positioned within the flexible packaging landscape, allowing it to effectively bridge the gap between large-scale converters and regional suppliers. Known for its commitment to agility and service-orientation, PPC Flex leverages technology to enhance its operations and deliver specialized solutions to its customers.

GTCR

GTCR, founded in 1980 and based in Chicago, Illinois, is a renowned private equity firm with extensive experience in partnering with management teams to foster market leadership through organic growth and strategic acquisitions. With a focus on the business services, technology, healthcare, and consumer sectors, GTCR has invested over $30 billion into a diverse portfolio, highlighting its expertise in driving value across industries.

The Role of TKO Miller

TKO Miller's adeptness in navigating complex transactions has been instrumental for SÜDPACK in realizing its objectives through this sale. The firm specializes in merger and acquisition advisory services tailored for middle-market businesses, particularly those that are family-owned or founder-led. Their strategic approach emphasizes a results-oriented and flexible transaction methodology, ensuring maximum benefit for clients in the manufacturing, plastics, and packaging industries.

Conclusion

The acquisition of SÜDPACK's U.S. operations by PPC Flex marks a compelling evolution in the flexible packaging sector and signifies an important local presence in the market. With TKO Miller's guidance, both companies are poised to uplift their capabilities and innovate within the industry, further establishing their standing as leaders in flexible packaging solutions. As they move forward, the market will be watching closely to see how this partnership influences the landscape of flexible packaging in North America.

For more information about these developments, visit the official websites of SÜDPACK, PPC Flex, and TKO Miller.