Mid Oaks buys packaging firm PPT

BUFFALO GROVE, ILL. (Dec. 21, 12:40 p.m. ET) -- Packaging converter Plastic Packaging Technologies LLC has been purchased by private equity firm Mid Oaks Investments LLC of Buffalo Grove. Terms of the deal were not disclosed. According to a Dec. 21 news release from PPT and Mid Oaks, PPT’s current management, led by President and CEO David Staker and Executive Vice President Dan Staker, will continue leading the business. “PPT prides itself on providing innovative, high-quality products using the best technology available. With Mid Oaks as our new owners, we will have additional resources at our disposal to help