{"id":2579,"date":"2023-05-05T14:43:21","date_gmt":"2023-05-05T05:43:21","guid":{"rendered":"http:\/\/ctiweb.co.jp\/con\/en\/?p=2579"},"modified":"2023-05-08T14:48:15","modified_gmt":"2023-05-08T05:48:15","slug":"promach-announces-new-investors","status":"publish","type":"post","link":"https:\/\/ctiweb.co.jp\/con\/en\/promach-announces-new-investors","title":{"rendered":"ProMach Announces New Investors"},"content":{"rendered":"\n

CINCINNATI, Ohio, May 3, 2023 \u2013 <\/strong>ProMach, a worldwide leader in processing and packaging machinery solutions, announced that funds managed by BDT Capital Partners, LLC (\u201cBDTCP\u201d) have entered into a definitive agreement to acquire a significant stake in ProMach alongside Leonard Green & Partners, L.P. (\u201cLGP\u201d), the existing majority owner. BDTCP is an affiliate of BDT & MSD Partners, a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors. As part of the agreement, LGP will invest new capital into the company. Financial terms were not disclosed.<\/p>\n\n\n\n

Founded in 1998, ProMach\u2019s portfolio\nincludes 46 best-in-class processing and packaging solutions product brands\nserving manufacturers of all sizes, geographies, and industries. ProMach\u2019s\nproduct brands manufacture, distribute, integrate, and support solutions across\nthe entire production line in distinct areas including processing, filling,\nprimary packaging, secondary packaging, labeling and coding, pharma, and\nsystems integration.<\/p>\n\n\n\n

\u201cWe are extremely enthusiastic as we enter\nour next phase of growth with two exceptional partners in LGP and BDT Capital\nPartners that share our common vision,\u201d said Mark Anderson, President and CEO\nof ProMach. \u201cProMach has grown tremendously due to the hard work and creativity\nof our people that deliver innovative solutions to our customers every day\nacross many different segments of the consumer products marketplace. Our\noutstanding management team appreciates the strong existing partnership with\nLGP and looks forward to working with both them and the team at BDT Capital\nPartners as we continue our focus on growth and value creation for our\ncustomers across the globe.\u201d<\/p>\n\n\n\n

\u201cPersonally, I\u2019m so proud of all our\nemployees and the hard work and effort they bring every day to strengthen\nProMach\u2019s reputation as a trusted partner to our customers,\u201d added Mr.\nAnderson. \u201cWe wouldn\u2019t be where we are without their tremendous talent and\nenergy, and we are very fortunate to have great teams at all our product brands\nthat are passionate about our products, our customers, and collaborating with\nother ProMach product brands to deliver performance each and every time.\u201d<\/p>\n\n\n\n

\u201cUnder Mark Anderson\u2019s skilled leadership\nover the past 17 years, ProMach has established an exceptional track record of\nperformance and solidified its position as a leader in the U.S. processing and\npackaging machinery market,\u201d said Byron Trott, Chairman & Co-CEO, BDT &\nMSD Partners. \u201cWe believe ProMach is well positioned to capitalize on secular\nindustry tailwinds, including the transition to sustainable packaging and the\naccelerating adoption of automation technologies, and we look forward to supporting\nthe company\u2019s continued expansion and success.\u201d<\/p>\n\n\n\n

\"We extend our sincere gratitude to the\nentire ProMach team for their outstanding work in building a world-class\norganization,\u201d said Jon Sokoloff, Managing Partner of LGP. Chris McCollum,\nPartner of LGP, added \u201cWe look forward to partnering with BDTCP in the next\nstage of ProMach\u2019s growth and success. Since we partnered with the ProMach team\nover five years ago, the company has been a consistent strong performer and has\ndelivered exceptional growth and value to all stakeholders with its proven\nbusiness process. We are excited about the many growth opportunities that lie\nahead and look forward to continuing our support of the company.\u201d<\/p>\n\n\n\n

The transaction is expected to close in the\nsecond half of 2023 and is subject to customary regulatory approvals. Goldman\nSachs & Co. LLC served as lead financial advisor to ProMach. Morgan Stanley\n& Co. LLC also provided financial advice to the company. Latham &\nWatkins LLP and Thompson Hine LLP acted as legal advisors to ProMach.<\/p>\n","protected":false},"excerpt":{"rendered":"

CINCINNATI, Ohio, May 3, 2023 \u2013 ProMach, a worldwide leader in processing and packaging machinery solutions, announced that funds managed by BDT Capital Partners, LLC (\u201cBDTCP\u201d) have entered into a definitive agreement to acquire a significant stake in ProMach alongside Leonard Green & Partners, L.P. (\u201cLGP\u201d), the existing majority owner. BDTCP is an affiliate of BDT & MSD Partners, a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors. As part of the agreement, LGP will invest new capital into the company. Financial terms were not disclosed. Founded in 1998, ProMach\u2019s portfolio includes 46 best-in-class processing and packaging solutions product brands serving manufacturers of … Continue reading \"ProMach Announces New Investors\"<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[10],"_links":{"self":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts\/2579"}],"collection":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/comments?post=2579"}],"version-history":[{"count":1,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts\/2579\/revisions"}],"predecessor-version":[{"id":2580,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/posts\/2579\/revisions\/2580"}],"wp:attachment":[{"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/media?parent=2579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/categories?post=2579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ctiweb.co.jp\/con\/en\/wp-json\/wp\/v2\/tags?post=2579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}