Trade Resources Industry Views Financial Terms of The Transaction Were Not Disclosed

Financial Terms of The Transaction Were Not Disclosed

Financial terms of the transaction were not disclosed.

Zalkin’s management team and employees will continue to operate from their facilities in Montreuil L’Argillé and Rueil-Malmaison in France.

Pro Mach announced in December last year it had moved for the capping machinery manufacturer , of which it owned a minority stake.

The two companies have been doing business together for over 40 years now.

Pro Mach is one of North America’s largest packaging machinery and integrated system providers, with more than 20 equipment brands sold throughout the world.

Mark Anderson, Pro Mach president and chief executive, said: “We’re proud to welcome Zalkin’s outstanding team to the Pro Mach family. We share the same commitment for delivering superior productivity, quality, and value to our customers. We look forward to working together to accelerate growth and strengthen our position as a global leader in packaging solutions.”

Zalkin, founded in 1932, produces screw, push-on, and Roll-on Pilfer Proof (ROPP) capping machines, as well as cap sorters, elevators, and decappers.

The firm has customers in various industries including food, beverage, pharmaceutical, consumer goods, and industrial products.

Zalkin general manager Michel Marion said: “Pro Mach provides strength, stability, and investment that will allow us to grow faster and continue developing the world’s best capping products and solutions.”

Source: http://www.packagingnews.co.uk/news/pro-mach-completes-acquisition-of-french-capping-machinery-manufacturer/
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PRO Mach Completes Acquisition of French Capping Machinery Manufacturer