Packaging equipment maker ProMach bought by private equity firm

Packaging machinery supplier ProMach Inc. has been purchased by affiliates of Leonard Green & Partners, L.P., a private equity investment firm, for an undisclosed sum.

Covington, Kentucky-based ProMach operates facilities in North America, Europe, South America, and Asia, and offers services in filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line.

“Our investment philosophy is to partner with market-leading companies with multiple ways to grow, backed by best-in-class management teams,” said Leonard Green & Partners partner Chris McCollum. “ProMach exemplifies this in the packaging machinery space, making it an ideal fit. They are poised for continued strong growth and long-term success and we are very excited for this new partnership.”

Based in Los Angeles, Leonard Green & Partners is a leading private-equity investment firm with more than US$25 billion of assets currently under management.