ProMach has acquired Lako Tool & Manufacturing, a company that designs and manufactures sealing, cutting, and punching components for flexible film packaging machinery.
Financial specifics of the deal remain undisclosed.
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Established in 1976 in Perrysburg, Ohio, Lako supplies equipment used in sectors such as snacks, tobacco, personal care, and pet food.
ProMach president and CEO Mark Anderson said: “Lako is well recognised for quality designs, precision engineering and high-quality component manufacturing. With a world-class reputation for understanding complex customer requirements and delivering solutions that extend part lifecycles and ensure superior sealing for challenging, sustainable materials, we are proud to welcome their best-in-class products into the ProMach portfolio.
“Also, the synergies with other ProMach companies are exciting for both our company and our customers. Lako will be a great addition to the ProMach family, and we look forward to continuing to serve their loyal customer base at the highest level in the industry.”
Lako’s operations will now be integrated into ProMach’s Systems & Process business unit, overseen by group president Ryan McCart.
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By GlobalDataThe 59 employees at Lako will continue their work under this new structure and report to Don Deubel, ProMach’s flexible packaging business line senior vice-president.
John Bialecki, who served as CEO at Lako, will now take on the role of vice president and general manager of the unit within ProMach.
Bialecki said: “I have been blessed to work with our previous owner, John Sullivan, for almost 20 years. His vision and guidance have allowed us to grow this business into a world-class solutions provider, and we are all personally grateful to him. In addition, being a part of ProMach will allow us to significantly scale Lako by leveraging the tools, processes, and customer relationships that ProMach has developed.”
This acquisition follows ProMach’s purchase in January of American Holt, DMA Solution, and Pride Engineering, collectively known as AmHolt, from Arcline Investment Management.
These businesses focus on manufacturing components for use in packaging across multiple industries, including beverages, food, protein products, and home care.
