StePac PPC Overview
StePac PPC develops and manufactures high-quality, precision-engineered modified atmosphere/modified humidity (MA/MH) packaging for fresh produce. Tailor-made for each specific type of vegetable, fruit, or herb, StePac PPC ensures an extended shelf life while maintaining the freshness, flavor, and nutritional value of produce. The polymers of the company's Xtend MA/MH packaging are engineered to allow the produce inside the bag to equilibrate within the specific range of O2 and CO2 concentrations required by the particular fruit or vegetable. Xtend slows senescence (aging), maintains the nutritional value and flavor of produce, reduces decay, preserves firmness, and prevents shriveling. StePac PPC also manufactures CARERITE sterilization packaging, a line of infection-control barrier films and sterilization bags designed for medical, dental, and veterinary clinics.
Latest News
growth-positive
PPC acquires Israel-based packaging manufacturer
PPC Flexible Packaging LLC has announced the acquisition of StePac, a packaging supplier for the fresh produce market. The acquisition expands PPCs manufacturing facilities to 14, spread across the United States, South America, and Israel. StePac, which was founded in 1992, specializes in atmosphere and humidity-controlled packaging for fresh food and produce markets. The acquisition will enhance PPCs packaging capabilities and its global footprint. PPC offers packaging for various industries including healthcare, medical, consumer snack, specialty produce, nutraceutical, bakery, horticulture, and pet industries.
AcquisitionExpand
growth-positive
StePac Launches Lean and Fully Recyclable Top Seal Solution
StePac Ltd. has expanded its range of top seals with new solutions to boost the retail fresh produce packaging sector. The upgraded portfolio includes lean and fully recyclable easy peel film structures designed to be sealed onto trays or containers housing produce items. The films are engineered with StePacs Modified Atmosphere Packaging (MAP) technology to extend the shelf life of fresh produce. The solutions have already been used in the Israeli market by Rafkor, a company that packs and markets fruits. The article highlights the reduction in plastic use, recyclability, shelf-life extension, and food safety benefits of StePacs packaging solutions. StePac is continuously innovating to bring sustainable packaging solutions to the market.
CustomersPartners
growth-positive
StePac Acquisition By Nili Capital: New Prospects For Growth
StePac L.A., Ltd., a fresh produce packaging specialist, has been acquired by Nili Capital Partners, an Israeli private equity fund. The acquisition will allow StePac to become the leading global force in modified atmosphere packaging (MAP) solutions for fresh produce. StePac offers a range of films and packaging formats that extend the shelf life of fresh produce. The companys products support all stages of the supply chain and help reduce waste. Nili Capital Partners was attracted to the category due to secular trends in the fresh produce industry, post-Covid norms, and the push for sustainability. StePacs management team and history of innovation made it an ideal anchor for Nilis MAP platform.
Acquisition
growth-positive
StePac: Smart Packaging Enhances Food Safety and Security - Perishable News
The European Organization for Packaging and the Environment (EUROPEN) called on the European Commission to recognize packaging as essential for the uninterrupted flow of critical product groups. StePac, a sustainable packaging specialist, offers modified atmosphere packaging solutions that can help alleviate concerns related to food contamination and food security. Their packaging effectively delays ripening and aging processes, inhibits microbial decay, and preserves the quality and nutritional value of fruits and vegetables. It can extend the shelf life of fresh produce by 50% to 100% and act as a physical barrier to prevent contamination. StePacs unique polymer packaging formulation has also been shown to preserve the nutritional value of fresh produce. The companys MAP solutions are based on 25 years of research and expertise.
CustomersPartners
growth-positive
StePac Launches Sustainable Packaging Strategy
StePac L.A., Ltd. presents its four-pillared sustainability strategy for fresh produce packaging, which aims to mitigate the problem of food waste. The strategy addresses key areas of manufacturing, use, and recycling, and promotes a more responsible and sustainable approach to packaging. StePacs Xtend modified-atmosphere packaging is climate-positive and has been successful in reducing carbon emissions in various supply chains. The company also emphasizes the importance of lean packaging and supports mechanical and chemical recycling to achieve a circular economy. The article highlights the global epidemic of food waste and the environmental impact of plastic packaging, positioning StePac as a leader in sustainable packaging solutions.
Customers
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Acquired |
| Rounds | 0 |
| Investors | 0 |
Team Members
6
Employees: 11-50
Web & Social Links
| Website | www.stepacppc.com/ |
Locations
Migdal Tefen, Israel
Rua Itápolis, 1921 - Consolação, São Paulo - SP, 01245-000, Brazil
3111 Camino Del Rio N #400a, San Diego, CA 92108, USA
Photos & Videos
3 item(s)
StePac PPC Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Climate TechClean Industry Tech Sustainable Materials & CircularityAgriculture & Food TechnologiesFood TechFood Trade & ServicesAg TechFarm Equipment & TreatmentTarget Customer
Agriculture & FoodCropsCore Technology
Materials & SubstancesPolymersTags (16)
food-safetyfoodtechflexible-packagingpostharvestmaterialsstorageagtechpolymerscropsclimate-techmedical-productsretailersagriculturedentalfood-and-beveragepackaging-and-containersGeographic Markets
TurkeyAustraliaUnited StatesGuatemalaArgentinaKenyaGreeceUnited KingdomColombiaBrazilSpainPolandMoroccoSouth AfricaGermanyMexicoIsraelChileIndiaPeruJapanItalyStePac PPC Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Acquired
Funding stage
0
Total rounds
0
Investors
Public Offering / Exit
MNAEvent
Feb 2023
Undisclosed
MNAEvent
Apr 2020
Undisclosed
MNAEvent
Jan 2015
$20M
StePac PPC Lifecycle
All Events
MNAEvent
Feb 2023
Undisclosed
MNAEvent
Apr 2020
Undisclosed
MNAEvent
Jan 2015
$20M
StePac PPC News
10 articles
growth-positive
PPC acquires Israel-based packaging manufacturer
PPC Flexible Packaging LLC has announced the acquisition of StePac, a packaging supplier for the fresh produce market. The acquisition expands PPCs manufacturing facilities to 14, spread across the United States, South America, and Israel. StePac, which was founded in 1992, specializes in atmosphere and humidity-controlled packaging for fresh food and produce markets. The acquisition will enhance PPCs packaging capabilities and its global footprint. PPC offers packaging for various industries including healthcare, medical, consumer snack, specialty produce, nutraceutical, bakery, horticulture, and pet industries.
AcquisitionExpand
growth-positive
StePac Launches Lean and Fully Recyclable Top Seal Solution
StePac Ltd. has expanded its range of top seals with new solutions to boost the retail fresh produce packaging sector. The upgraded portfolio includes lean and fully recyclable easy peel film structures designed to be sealed onto trays or containers housing produce items. The films are engineered with StePacs Modified Atmosphere Packaging (MAP) technology to extend the shelf life of fresh produce. The solutions have already been used in the Israeli market by Rafkor, a company that packs and markets fruits. The article highlights the reduction in plastic use, recyclability, shelf-life extension, and food safety benefits of StePacs packaging solutions. StePac is continuously innovating to bring sustainable packaging solutions to the market.
CustomersPartners
growth-positive
StePac Acquisition By Nili Capital: New Prospects For Growth
StePac L.A., Ltd., a fresh produce packaging specialist, has been acquired by Nili Capital Partners, an Israeli private equity fund. The acquisition will allow StePac to become the leading global force in modified atmosphere packaging (MAP) solutions for fresh produce. StePac offers a range of films and packaging formats that extend the shelf life of fresh produce. The companys products support all stages of the supply chain and help reduce waste. Nili Capital Partners was attracted to the category due to secular trends in the fresh produce industry, post-Covid norms, and the push for sustainability. StePacs management team and history of innovation made it an ideal anchor for Nilis MAP platform.
Acquisition
growth-positive
StePac: Smart Packaging Enhances Food Safety and Security - Perishable News
The European Organization for Packaging and the Environment (EUROPEN) called on the European Commission to recognize packaging as essential for the uninterrupted flow of critical product groups. StePac, a sustainable packaging specialist, offers modified atmosphere packaging solutions that can help alleviate concerns related to food contamination and food security. Their packaging effectively delays ripening and aging processes, inhibits microbial decay, and preserves the quality and nutritional value of fruits and vegetables. It can extend the shelf life of fresh produce by 50% to 100% and act as a physical barrier to prevent contamination. StePacs unique polymer packaging formulation has also been shown to preserve the nutritional value of fresh produce. The companys MAP solutions are based on 25 years of research and expertise.
CustomersPartners
growth-positive
StePac Launches Sustainable Packaging Strategy
StePac L.A., Ltd. presents its four-pillared sustainability strategy for fresh produce packaging, which aims to mitigate the problem of food waste. The strategy addresses key areas of manufacturing, use, and recycling, and promotes a more responsible and sustainable approach to packaging. StePacs Xtend modified-atmosphere packaging is climate-positive and has been successful in reducing carbon emissions in various supply chains. The company also emphasizes the importance of lean packaging and supports mechanical and chemical recycling to achieve a circular economy. The article highlights the global epidemic of food waste and the environmental impact of plastic packaging, positioning StePac as a leader in sustainable packaging solutions.
Customers
growth-positive
Fresh and Innovative: Novel Packaging Solutions Offered by StePac at Fruit Logistica 2018
StePac, a subsidiary of Johnson Matthey PLC, will be presenting new lines of fresh packaging solutions at Fruit Logistica. They will showcase high clarity MA/MH films for flow pack, preformed bags, standing pouches, and lidding film. These packaging solutions are designed to extend the shelf life and preserve the quality of fresh fruits and vegetables. StePac aims to provide optimal moisture control and condensation control for different types of produce. The companys presentation at Fruit Logistica demonstrates their commitment to innovation in the fresh produce industry.
CustomersPartners
FreshPlaza: Global Fresh Produce and Banana News
growth-positive
Retailers Get Excited About New StePac Technologies Used in Fresh Produce Packaging
StePac, a subsidiary of Johnson Matthey PLC, has launched a new line of fresh produce packaging solutions designed for retailers. The Xgo Standing Pouch, based on advanced MA/MH technology, provides extended shelf-life in a convenient retail packaging format. The packaging aims to address growing consumer demands for premium quality packaged produce and reduce waste. StePacs retail packaging solutions include lidding film, preformed bags, flow pack, and standing pouch. The products offer optimal moisture control and modified atmosphere conditions for different types of produce. The company will showcase its advanced retail packaging line at the Produce Marketing Association Expo. StePac is known for its expertise in post-harvest science and large-scale manufacturing capacity.
Customers
growth-negative
Johnson Matthey buys Israel packaging co StePac
StePac, a packaging company for fresh agricultural produce, has been acquired by Johnson Matthey Investments for £18 million. The acquisition is considered growth-negative for StePac. StePac was previously owned by DS Smith, a packaging and paper company, who decided to focus on its core business and sell StePac. Johnson Matthey, a company dealing in sustainable technologies, plans to integrate StePac into its new business division. StePacs revenue in the 12 months ending on April 30, 2015, was £15 million. StePac employs 90 staff and has production sites in Israel and the US, with business in over 60 countries. Johnson Matthey believes that StePacs packaging technology will generate £20 million in revenue in the coming year.
Acquisition
growth-positive
Stepac in dual Berlin launch
Packaging solutions specialist Stepac will showcase two new additions to its Xtend range at Fruit Logistica in Berlin. The new products include retail modified atmosphere packaging for fresh cut vegetables and bulk modified atmosphere packaging for table grapes without sulfur pads. The Xtend technology has shown promising results in prolonging the shelf life of fresh cut vegetables, outperforming competitor packaging in Brazil and Argentina. Additionally, Xtend packaging offers an alternative to sulfur pads for long-term storage and transportation of Peruvian grapes, reducing fruit bleaching and stem dehydration. The packaging is already being used in commercial shipments from Peru.
Customers
StePac PPC Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 49 |
| Team members | 6 |
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StePac PPC Internal
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Admin Info
| Confidence | 91/100 |
| Missing | funding rounds, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 511442527 |
| Crunchbase | stepac |
| Phone | +97246123500|+97249872946 |
| Creator | Sharon Shapira |
| Creator email | shapira.sharon2@gmail.com |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2023-08-08T00:00:00.000Z |
| Created | 2015-02-02T00:00:00.000Z |
| Status detail | Acquired by Johnson Matthey on Jan, 2015 |