Packaging company Pro Mach will be acquired by the affiliates of AEA Investors from The Jordan Company for an undisclosed amount.
Pro Mach manufactures packaging and processing equipment solutions and also provides training, installation, parts and services. The company helps in improving packaging line performance for sectors like food, beverage, pharmaceutical, consumer goods and industrial goods.
Pro Mach president and CEO said: "AEA understands our business, shares our vision, and will provide significant support for Pro Mach and its management team as we continue to grow our company and fulfill our highest priority - serving our customers.
"Our outstanding management team will remain intact and continue to lead our growth and execute our strategy. With AEA's support, we look forward to continuing our expansion in world markets and building on our position as the premier provider of integrated packaging, material handling, and processing solutions in North America and beyond."
The transaction is expected to be completed by the fourth quarter of 2014 with Barclays Capital acting as financial advisor.
AEA partner Tom Pryma said: "By providing a single source for integrated solutions and a wide range of stand-alone products, Pro Mach strategically solves important packaging, processing, and material handling challenges for a diverse range of customers worldwide."
Pro Mach delivers its services to brands like 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.
The company's flexible packaging group also sells, integrates and supports Toyo Jidoki, Inever, and FLtècnics brand equipment.
