Leonard Green & Partners has completed the acquisition of US-based packaging machinery company ProMach from AEA Investors.

The terms of the deal, which was first announced in January this year, have not been disclosed.

The management team and employees of the acquired business will continue to operate from their facilities across the globe.

Established in 1998, ProMach offers packaging solutions for the customers in the food, beverage, pharmaceutical, personal care, and household and industrial goods industries.

ProMach president and CEO Mark Anderson said: “The ProMach management team is fully committed to continue building our company by expanding our capabilities and services to bring value to our customers and by providing a great place for our people to work.

“The Leonard Green team shares our vision and has a stellar reputation for partnering with management teams to deliver growth, following up on our successful partnership with AEA which helped us nearly double our business over the last three years."

Leonard Green & Partners partner Chris McCollum said: “We look forward to continuing to build on ProMach's strong foundation as the world's premier provider of complete packaging line solutions."

Based in Cincinnati of Ohio, ProMach’s brands operate across the entire packaging spectrum, comprising filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line.

Allpax, Axon, Benchmark, Brenton, Dekka, Edson, EPI, Federal, Greydon, ID Technology, KLEENLine, Matrix, NJM, Orion, Ossid and P.E. Labellers are the product brands of ProMach

The company also offers performance services, including integrated solutions, design/build, engineering services, and productivity software for advanced packaging line design.

ProMach operates manufacturing facilities and offices across North America, Europe, South America, and Asia.

Leonard Green & Partners is a private equity investment firm, which focuses on firms offering services, including consumer, business, and healthcare services, as well as retail.

 

Source: automationandtechnology.packaging-business-review.com

Report Abuse