US-based packaging machinery company ProMach has expanded its portfolio by acquiring Italian flexible packaging machinery manufacturer Reepack.
Reepack provides a range of technologies, including vacuum chambers, thermoformers, tray sealers and flow wrappers, for food and medical products, in addition to industrial components and consumer goods.
The acquisition is intended to allow ProMach to expand in the food packaging space and strengthen its position as a supplier of protein-packaging automation.
The company also expects to benefit from Reepack’s key application technology in flow wrapping, as well as expand its existing capabilities in horizontal thermoforming.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe financial terms of the transaction have not been disclosed.
See Also:
ProMach president and CEO Mark Anderson said: “Reepack is a solid fit within the ProMach family.
“Reepack’s team has developed some wonderful technology, and we are excited to help them build distribution and continue to grow worldwide.
“We are excited about their engineering capabilities, and we intend to continue to invest in new product development.”
Following the integration, Reepack will join six other product brands under ProMach’s Flexibles & Trays business line.
The company will continue to be based in Italy, with 71 of its employees joining the ProMach workforce.
Reepack president and CEO Livio Valli has been appointed as the company’s vice-president and general manager as part of the acquisition.
ProMach has also promoted Ernie Newell, the current vice-president and general manager of its Ossid brand, as senior vice-president of Tray Packaging.
Newell will oversee the operations of both Reepack and Ossid.
Newell said: “Reepack has an excellent line of products.
“When we match this with Ossid’s strong product portfolio and ProMach parts and service capabilities and customer reach, the future opportunities to deliver exceptional customer solutions and service are very exciting.”
Last February, ProMach acquired Serpa Packaging Solutions, a US-based company that provides cartoning and end-of-line packaging systems.
