ProMach, a worldwide leader in processing and packaging machinery and related solutions, announced today the closing of its agreement with affiliates of BDT Capital Partners, LLC (“BDTCP”) and Leonard Green & Partners, L.P. (“LGP”). Financial terms were not disclosed. ProMach's management team and employees will continue to operate from their facilities across the globe.
Founded in 1998, ProMach’s portfolio includes 46 best-in-class processing and packaging solutions product brands serving manufacturers of all sizes, geographies, and industries. ProMach’s product brands manufacture, distribute, integrate, and support solutions across the entire production line in distinct areas including processing, filling, primary packaging, secondary packaging, labeling and coding, pharma, and systems integration.
“We are very fortunate to now be working with two outstanding partners in LGP and BDTCP that understand and support what we’ve built over the last 25 years,” said Mark Anderson, President and CEO of ProMach. “It's a tremendous next step in ProMach's development as both organizations have a great reputation for aligning with management teams and investing in their future. Our shared vision for bringing value to our customers and providing a great place for our people to work is the most exciting aspect of this deal.”
“I want to thank all ProMach employees for being a key part of our success by delivering performance, integrity, and partnership to our customers around the globe each and every day,” added Mr. Anderson. “Our management team looks forward to working with the LGP and BDTCP teams to continue growing and developing our remarkable organization and continue bringing the best overall customer experience to the processing and packaging industry.”
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. LGP is a leading private equity investment firm that partners with experienced management teams to invest in market-leading companies.
“ProMach and its portfolio of product brands have a significant footprint in the industry and an excellent reputation for manufacturing innovative products and solutions to meet customers’ evolving needs,” said Byron Trott, Chairman & Co-CEO, BDT & MSD Partners. “We believe the company is poised for significant long-term success and we look forward to working closely with ProMach’s strong leadership team.”
“We’ve had a special partnership with ProMach over the last five years, and the organization and team have proven to be truly remarkable,” said Chris McCollum, Partner at LGP. “We feel as strongly about ProMach today as we did when our business relationship began and we look forward to partnering with BDTCP to accelerate and build on ProMach’s success as a trusted solutions provider to diverse consumer and industrial goods companies around the world.”
About BDT Capital Partners
BDT Capital Partners provides family- and founder-led businesses with long-term, differentiated capital through its investment funds. It is an affiliate of BDT & MSD Partners, a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors. Since 2010, BDT & MSD Partners’ affiliated funds have deployed more than $50 billion across their investment strategies. For more information, visit www.bdtmsd.com.
About LGP
LGP is a leading private equity investment firm founded in 1989 and based in Los Angeles with $70 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has invested in over 120 companies in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare, and business services, as well as retail, distribution and industrials. For more information, please visit www.leonardgreen.com.
About ProMach
ProMach is a family of best-in-class packaging and processing solution brands serving manufacturers of all sizes and geographies in the food, beverage, pharmaceutical, personal care, and household and industrial goods industries. ProMach brands operate across the entire production line: processing, filling, bottling and capping, decorative labeling, flexibles and trays, pharma, handling and sterilizing, labeling and coding, and robotics and end of line. ProMach also provides systems and integration including turnkey solutions, design/build, engineering services, and productivity software to optimize production line design and deliver maximum uptime.
ProMach designs, manufactures, integrates, and supports the most sophisticated and advanced packaging and processing solutions in the global marketplace. Its diverse customer base, from Fortune 500 companies to smaller, privately-held businesses worldwide, depends on reliable, flexible, technologically advanced equipment and integrated solutions. ProMach is headquartered near Cincinnati, Ohio, with manufacturing facilities and offices throughout North America, Europe, South America, and Asia. For more information about ProMach, visit www.ProMachBuilt.com and for more information on ProMach Careers, visit www.ProMachCareers.com.