Babson Facility Supports Kohlberg Acquisition
Babson Capital Management provided a facility to support the acquisition of PPC Industries by affiliates of Kohlberg. Babson was an existing lender to PPC Industries through a 2006 investment via its Mezzanine & Private Equity Group.
“Babson places great value on our longtime association with Kohlberg & Company, and we are grateful for the opportunity to partner with Kohlberg on the investment in PPC Industries,” said Ian Fowler, managing director and co-head of Babson’s U.S. Private Finance Group. “As an existing lender, we have been pleased with the company’s growth and performance and we look forward to continuing to support PPC Industries as it partners with Kohlberg & Company.”
PPC Industries, is a manufacturer of specialty plastic solutions for medical/pharmaceutical, food processing and niche industrial applications.