Spell Capital Partners acquires Pacific Production Technologies

Spell Capital Partners, Minneapolis, a private equity and buyout firm, has acquired a majority interest in Pacific Production Technologies (PPT), Mt. Carmel, Ill., a capital goods manufacturer.

PPT manufactures continuous and cut-sheet thermoforming machines, hydraulic presses, press brakes, and shears. CEO Mike Stein and his team continue to manage the company, working with Spell Capital to grow the business internally and through acquisitions.