GE Antares is serving as administrative agent on a $160 million senior secured credit facility to support the acquisition of PPC Industries, Inc. by Kohlberg & Company. GE Capital Markets served as lead arranger and bookrunner on this facility.

PPC Industries is a leading provider of highly engineered specialty plastics for applications in niche segments of the medical/pharmaceutical, food, and industrial markets. The company is headquartered in Pleasant Prairie, WI with facilities in California, Arizona, Costa Rica, Malaysia and Ireland.

“GE Antares has been a trusted lender of Kohlberg’s for many years,” said Seth Hollander, partner at Kohlberg. “Their expertise in the middle market, knowledge of PPC and ability to move quickly through the approval and closing process made them a logical choice to lead the financing. We continue to benefit from our longstanding relationship with GE Antares.”

“Since becoming part of our portfolio in 2006, we’ve seen PPC grow and exceed expectations,” said Chet Zara, senior managing director of GE Antares. “We’re pleased to provide debt financing and a minority equity investment to Kohlberg in support of their acquisition. In partnership with management, Kohlberg will be a valuable strategic partner to PPC as they pursue further growth.”

PPC Industries, Inc. is a manufacturer of specialty plastic solutions for medical/pharmaceutical, food processing, and niche industrial applications. PPC operates manufacturing facilities in the United States, Costa Rica, Malaysia and Ireland. For further information on PPC and its various products, please visit www.ppcind.com or www.kelpacmedical.com.

Kohlberg & Company is a leading U.S. private equity firm headquartered in Mount Kisco, New York. Since its inception in 1987, Kohlberg has completed 63 platform investments and more than 100 add-on acquisitions, with an aggregate transaction value of over $9 billion. Kohlberg has invested over $3 billion during its history and is currently investing its seventh private equity fund, Kohlberg Investors VII.

GE Antares is a unit of GE Capital. With offices in Atlanta, Chicago, Los Angeles, Toronto, New York, and San Francisco, GE Antares is a leading middle market lender, offering a “one-stop” source for GE’s lending and other services offered to middle market private equity sponsors. GE Antares was recognized by Private Debt Investor and Private Equity International as 2013 Lender of the Year, North America and Mid-Cap Lender of the Year, North America, respectively.