M&A Deal Summary

ProMach Acquires Etiflex

On April 22, 2024, ProMach acquired packaging company Etiflex

Acquisition Highlights
  • This is ProMach’s 9th transaction in the Packaging sector.
  • This is ProMach’s 1st transaction in Mexico.

M&A Deal Summary
Date 2024-04-22
Target Etiflex
Sector Packaging
Buyer(s) ProMach
Deal Type Add-on Acquisition

Target

Etiflex

Mexico
website
Etiflex is a producer of pressure-sensitive and RFID labels. The company offers a portfolio of label converting solutions that serve a broad range of industries, including food & beverage, textile, automotive, personal care, cosmetics, pharmaceutical, and retail & logistics. Etiflex also produces tickets, badges, and bracelets for events and transportation. Etiflex was founded in 1981 and is based in Mexico City.

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Buyer(S) 1

Buyer

ProMach

Covington, Kentucky, United States

website

Category Company
Founded 1998
Sector Packaging
Revenue 213M USD (2014)
DESCRIPTION

ProMach is a provider of complete packaging machinery solutions, engineering and integration services, and related aftermarket products and services. ProMach brands operate across the entire packaging spectrum: filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line. ProMach also provides Performance Services including integrated solutions, design/build, engineering services, and productivity software to optimize packaging line design and deliver maximum uptime. ProMach was founded in 1998 and is based in Covington, Kentucky.

DEAL STATS #
Overall 28 of 28
Sector (Packaging) 9 of 9
Type (Add-on Acquisition) 28 of 28
Country (Mexico) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-14 Zacmi

Parma, Italy

Zacmi is a provider in the manufacture of filling, seaming, and pasteurization technology. The company also provides pasteurization tunnels for sterilizing food products and has developed rehydrated pea and legume preparation lines to support its food clients. Zacmi was founded in 1954 and is based in Parma, Italy.

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