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Pro Mach announces new ownership by The Jordan Company

Pro Mach, Inc. has announced the completion of its acquisition by The Resolute Fund II, L.P., an affiliate of The Jordan Company, from Odyssey Investment Partners, LLC. Financial terms of the transaction were not disclosed.
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FILED IN:  Trends and Issues  > Global
     
“We are proud to announce our new ownership under The Jordan Company,” said Mark Anderson, Pro Mach President and CEO. “Our management team and I look forward to partnering with them to accelerate our growth strategy and build on our position as one of the largest packaging machinery manufacturers in North America.”

“Our outstanding management team, which transformed Pro Mach from a collection of individual brands to a leading integrated solution provider, will remain intact and continue to lead our growth and execute our strategy,” added Mr. Anderson. “The Jordan Company, with headquarters in New York and offices in Chicago and Shanghai, China, will provide significant support for Pro Mach and its management team to draw upon as we continue to grow our company and fulfill our highest priority–serving our customers. With The Jordan Company’s support, we look forward to enhancing ProCustomer, our exemplary customer sales, support and service program that Pro Mach is recognized for in the packaging industry.”   

Pro Mach’s product and solution brands include Allpax, Axon, Brenton, Currie by Brenton, Dekka, Fowler, ID Technology, IPak, LSI, Orion, Ossid, Rennco, Roberts PolyPro, Shuttleworth, Wexxar/Bel, and ProCustomer.
“By providing a single source for integrated solutions and a wide range of standalone products, Pro Mach solves strategically important packaging operations challenges for a diverse range of customers every day,” said Brian Higgins, Principal, The Jordan Company. “Pro Mach and its brands have an excellent reputation for consistent delivery of exceptional products and support to its demanding customers, many of whom have been customers for more than 20 years. We look forward to working with the Pro Mach management team to expand Pro Mach’s capabilities to provide superior products and services to its customers.”

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