Leonard Green & Partners has agreed to acquire US packaging machinery solutions provider ProMach from AEA Investors for an undisclosed sum.
Established in 1998, ProMach provides packaging solutions to serve manufacturers in the food, beverage, pharmaceutical, personal care, and household and industrial goods industries.
The company has product brands that operate across the packaging spectrum in various business lines, including filling and capping, flexibles, product handling, labeling and coding, and end of line.
ProMach’s product brands include Allpax, Axon, Benchmark, Brenton, Dekka, Edson, EPI, Federal, Greydon, ID Technology, KLEENLine, Matrix, NJM, Orion, Ossid and P.E. Labellers.
PackLab, Pace, Pacific, Rennco, Roberts PolyPro, Shuttleworth, Texwrap, Wexxar Bel, WLS, Zalkin, and ZPI are the other product brands.
The company also offers performance services such as integrated solutions, design/build and engineering services, as well as productivity software to enhance packaging line design and deliver maximum uptime.
ProMach operates manufacturing facilities and offices to serve customers in North America, South America, Europe and Asia.
Subject to customary closing conditions, the deal is expected to complete by the end of this year
ProMach CEO and president Mark Anderson said: “The industry has changed dramatically over the past two decades, and so has ProMach.
“Through our strong partnership with AEA, and thanks to the hard work of every one of our dedicated employees, ProMach has become something truly remarkable.”
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.”