Financial terms of the transaction were not disclosed.
Pro Mach is the leading provider of packaging machinery solutions and related aftermarket products and services to multinational clients in the food, beverage, household goods and pharmaceutical industries.
Completion of the transaction, which is expected in July 2011, is subject to customary closing conditions, including repayment of substantially all outstanding Pro Mach debt.
Barclays Capital is arranging debt financing for the transaction and Mayer Brown LLP is acting as legal advisor to The Jordan Company. Barclays Capital is acting as financial advisor to Pro Mach and Latham & Watkins LLP is acting as legal advisor.
Source: Pro Mach
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