Lacerta Group acquires Portage Plastics assets

Mansfield, Massachusetts-based thermoform packaging producer Lacerta Group has acquired the assets of Portage, Wisconsin-based Portage Plastics Corp. and PPC Investments. As part of the transaction, Lacerta says it has retained over 50 Portage Plastics employees.

Lacerta says it is a leading North American provider of sustainable thermoformed packaging solutions made primarily from polyethylene terephthalate (PET) and offers a comprehensive product portfolio and in-house design capabilities with a particular focus on the prepared food and fresh produce segments. The company claims it is a market leader in fully recyclable packaging containing postconsumer resin.

“We are excited to acquire a great manufacturing site in Portage, Wisconsin, and welcome a talented group of dedicated associates to the Lacerta family,” Lacerta CEO Peter Lennox says. “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 says it plans to make near term investments to grow capacity and leverage Portage Plastics’ location and workforce. Since partnering with SK Capital Partners in December 2020, Lacerta says it has made investments to expand its production capacity and capabilities at its facilities in Mansfield and Chatsworth, California, to support growth and maintain industry leading quality and service.

The company will continue to seek opportunities to expand its geographic presence across North America as it looks to serve a growing customer base, it says. In total, it operates four facilities.