Pro Mach announces new ownership by affiliates of AEA Investors LP
Leading provider of integrated packaging, processing, and material handling solutions poised to accelerate global growth as its brands and management team remain intact with new ownership.
October 23, 2014
by Canadian Packaging Staff
Cincinnati, OH—Pro Mach, Inc. has announced the completion of its acquisition by affiliates of AEA Investors LP (AEA) from The Jordan Company. Financial terms were not disclosed. Pro Mach’s management team and employees will continue to operate from their facilities in North America and Europe.
Pro Mach is a leading provider of packaging machinery and integrated systems, with more than 25 equipment brands sold throughout the world. Pro Mach provides automated solutions that drive efficiency and increase packaging line performance for diverse food, beverage, pharmaceutical, consumer goods, and industrial goods companies. It manufactures and integrates bottling and capping, primary packaging, flexible packaging, material handling, identification and tracking, and end of line packaging solutions.
“Our acquisition by AEA brings a strong partner for our vision to be the world’s premier provider of integrated packaging, material handling, and processing solutions,” says Pro Mach president and chief executive officer Mark Anderson. “AEA shares our vision and will provide significant support as we increase our capabilities and create new opportunities to better serve our customers throughout the world, building on the progress we made over the last three years with The Jordan Company.”
He continues, “Our management team and employees look forward to working with AEA to build on our success and create greater value for our customers and new investment partners.”
Pro Mach’s brands include Allpax, Axon, Benchmark Automation, Brenton, Currie by Brenton, Dekka, Edson, Federal, Fowler, ID Technology, IPak, KLEENLine, Matrix, Orion, Ossid, Pace Packaging, Rennco, Roberts PolyPro, Shuttleworth, Tekkra, Wexxar/BEL, and Zalkin. Pro Mach’s Flexible Packaging Group also sells, integrates, and supports Toyo Jidoki, Inever, and FLtècnics brand equipment.
“Pro Mach and its brands have an excellent reputation for manufacturing exceptional products and delivering exemplary customer service,” says Tom Pryma, Partner, AEA. “We look forward to working with the management team to accelerate growth and build on their success as a valued partner for diverse consumer and industrial goods companies around the world.”
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $6-billion of invested and committed capital, including the leveraged buyouts of middle market companies and small businesses and mezzanine and senior debt investing. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer products / retail and services. For further information about AEA, visit www.AEAInvestors.com.
The Jordan Company, founded in 1982, is a middle-market private equity firm that manages funds with original capital commitments in excess of $8-billion with a 32-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai. See www.TheJordanCompany.com for more information.
Pro Mach is a leading provider of integrated packaging and processing products and solutions for food, beverage, consumer goods, pharmaceutical, and other diverse companies. Through multiple brands, Pro Mach provides product packaging and processing equipment, PMMI-certified trainers, installation, parts, and service in Bottling & Capping, Primary Packaging, Flexible Packaging, Material Handling, Identification & Tracking, and End of Line Packaging.
Pro Mach is headquartered near Cincinnati, with manufacturing facilities and offices throughout the U.S., Canada, and Europe.
For more information about Pro Mach, visit www.ProMachInc.com.