Private equity firm AEA Investors has completed the acquisition of packaging equipment company Pro Mach in a previously announced deal worth $1bn.
Pro Mach has manufacturing facilities and offices throughout the US, Canada and Europe. It offers packaging machinery and integrated systems, with more than 25 equipment brands sold worldwide.
Headquartered in Ohio, Pro Mach manufactures and integrates bottling and capping, primary packaging, flexible packaging, material handling, identification and tracking, and end-of-line packaging solutions.
The acquisition will allow Pro Mach’s management team and employees to continue to operate from their facilities in North America and Europe.
Pro Mach president and CEO Mark Anderson said: "Our acquisition by AEA brings a strong partner for our vision to be the world’s premier provider of integrated packaging, material handling and processing solutions.
"AEA shares our vision and will provide significant support as we increase our capabilities and create new opportunities to better serve our customers throughout the world, building on the progress we made over the last three years with the Jordan Company."
AEA Investors partner Tom Pryma said: "We look forward to working with the management team to accelerate growth and build on their success as a valued partner for diverse consumer and industrial goods companies around the world."
US-based buyout firm Jordan had acquired Pro Mach from Odyssey Investment Partners in 2011 for an undisclosed amount.