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January 31, 2018updated 01 Feb 2018 12:31pm

Leonard Green to acquire US packaging machinery firm ProMach

Private equity investment firm Leonard Green & Partners has signed an agreement to acquire US-based packaging machinery solutions provider ProMach from affiliates of AEA Investors.

Private equity investment firm Leonard Green & Partners has signed an agreement to acquire US-based packaging machinery solutions provider ProMach from affiliates of AEA Investors.

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ProMach was founded in 1998 and primarily serves manufacturers in the food, beverage, pharmaceutical and personal care industries, as well as the household and industrial goods sectors.

The company’s product brands operate across the entire packaging spectrum, providing solutions such as filling and capping, flexibles, pharma, product handling and labelling, in addition to coding and end of line.

Other services include integration and engineering solutions for complete integrated packaging lines.

"The team at Leonard Green has a strong reputation, understands our business, shares our vision, and most importantly shares our passion to fulfil our highest priority, serving our customers."

ProMach president and CEO Mark Anderson said: “Our entire management team is looking forward to working with Leonard Green as we continue to build on our position as the premier provider of packaging line solutions across the globe.

“The team at Leonard Green has a strong reputation, understands our business, shares our vision, and most importantly shares our passion to fulfil our highest priority, serving our customers.”

ProMach’s portfolio of product brands comprises Allpax, Axon, Benchmark, Brenton, Dekka, Edson, EPI, Federal, Greydon, ID Technology, KLEENLine, Matrix, NJM and Orion.

Other product brands include Ossid, P.E. Labellers, Pace, Pacific, PackLab, Rennco, Roberts PolyPro, Shuttleworth, Texwrap, Wexxar Bel, WLS, Zalkin and ZPI.

Leonard Green & Partners partner Chris McCollum said: “ProMach has built an outstanding business model and has a proven track record of doing exactly what they say they’re going to do, through multiple ownership cycles.”

ProMach also offers performance services such as integrated solutions, design / build, engineering services, as well as a range of productivity software to optimise packaging line design and deliver maximum uptime.

The transaction is subject to customary closing conditions and is scheduled to be completed in the first quarter of this year.

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For the packaging industry to achieve a sustainable future, it needs to dramatically increase circularity and the reuse of materials. While shifting from a linear economy to a circular model will take time, there are already actions that brands, manufacturers, and converters can already take to help make a difference. This document by Siegwerk – a global leader in inks and coatings for packaging – delves into solving the plastic paradox, looks at the relevance of bioplastics, and sets out ways to not only achieve circularity in packaging but also make it economically viable. Furthermore, the document goes into detail on how printing inks and coatings are vital for enabling circularity in packaging. Ultimately, the packaging system needs to be reconfigured for a circular future. And consumers are expecting the packaging industry to play its part in progress. To take the first step towards circularity, download this document.
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Enter your details here to receive your free Whitepaper.

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