Packaging OEM ProMach to be Acquired by Leonard Green & Partners

The deal, terms of which were not disclosed, positions ProMach for continued growth.

Oem 833147 Screen Shot 2018 01 29 At 3 03 09 Pm

ProMach, a packaging machinery solutions company, announced that affiliates of Leonard Green & Partners, a leading private equity investment firm, have entered into a definitive agreement to acquire the company from affiliates of AEA Investors. Financial terms of the transaction were not disclosed.

Founded in 1998, ProMach is a family of packaging solution product brands serving manufacturers of all sizes, geographies and industries. ProMach product brands operate across the entire packaging spectrum providing solutions for nearly every application, including integration and engineering services for complete integrated packaging lines.

“We are excited to be partnering with Leonard Green as we enter our next phase of growth,” said Mark Anderson, president and CEO of ProMach. “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. 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 fulfill our highest priority—serving our customers.”

ProMach’s portfolio of product brands includes Allpax, Axon, Benchmark, Brenton, Dekka, Edson, EPI, Federal, Greydon, ID Technology, KLEENLine, Matrix, NJM, Orion, Ossid, P.E. Labellers, Pace, Pacific, PackLab, Rennco, Roberts PolyPro, Shuttleworth, Texwrap, Wexxar Bel, WLS, Zalkin and ZPI, along with the ProMach Performance Services line.