The transaction is expected to be completed in the fourth quarter of 2014 and is subject to customary closing conditions. Financial terms were not disclosed.
Pro Mach is a manufacturer of integrated packaging and processing equipment solutions and provider of training, installation, parts and service for customers worldwide.
“We are proud to announce our new ownership under AEA,” said Mark Anderson, Pro Mach president and CEO. “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 fulfil 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.
“Personally, I’m very proud of all our employees and the hard work they put in every day to strengthen Pro Mach’s reputation as a leading integrated solutions provider and make us a success. We couldn’t do what we do without them and we are very fortunate to have such great teams at all our brands.”
Source: Pro Mach
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