US private equity firm Jordan Company has acquired packaging machinery solutions company Pro Mach from mid-market investor Odyssey Investment Partners.
Pro Mach provides of packaging machinery solutions and related aftermarket products and services to clients in the food, beverage, household goods and pharmaceutical industries. The company is able to provide customised machinery solutions that allow changes to packaging formats.
Completion of the deal is expected in July 2011 and is subject to customary closing conditions, including repayment of a substantial portion of Pro Mach’s outstanding debt.
Jordan company principal Brian Higgins said, “Pro Mach has a proven track record of solving its customers’ complex marketing and operational challenges, and that success is reflected in its stable, global customer base.
“The management team has transformed Pro Mach from a portfolio of individual brands to an integrated operating company with a unified market strategy,” he added.
Jordan and Odyssey are both US-based mid-market private equity investors, with $5bn and $2bn respectively under management.
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