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. Pro
Mach's leading market position is derived from its broad product
offering and ability to develop customized packaging machinery solutions
that drive efficiency, accommodate changes to packaging formats and
promote customer product innovation.
"We are excited to be partnering with The Jordan Company," said Mark
Anderson, Chief Executive Officer of Pro Mach. "The Jordan Company team
has an impressive track record, understands our business and shares our
vision for the future of the Company. We look forward to working closely
with them to pursue our strategic objectives and continue our strong
"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," said Brian Higgins, Principal, The
Jordan Company. "The management team has transformed Pro Mach from a
portfolio of individual brands to an integrated operating company with a
unified market strategy. We look forward to partnering with Mark
Anderson and the Pro Mach leadership team to continue building the
premium brand in the North American packaging machinery industry."
Craig Staub, a Managing Principal of Odyssey Investment Partners, said,
"We are proud of what Pro Mach has accomplished in recent years and the
success of our investment. The Company's excellent management team has
consistently delivered superior products and services to its customers.
We wish the Pro Mach team continued success under The Jordan Company's
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.