M&A Deal Summary

Pacteon Acquires Descon

On June 24, 2024, Pacteon acquired machinery company Descon

Acquisition Highlights
  • This is Pacteon’s 2nd transaction in the Machinery sector.
  • This is Pacteon’s 2nd transaction in Canada.
  • This is Pacteon’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-06-24
Target Descon
Sector Machinery
Buyer(s) Pacteon
Deal Type Add-on Acquisition

Target

Descon

Newmarket, Ontario, Canada
Descon is a provider of integrated conveyor systems for the food and beverage industry. Descon was formed in 1993 and is based in Newmarket, Ontario.

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Buyer(S) 1

Buyer

Pacteon

Greensboro, Georgia, United States
Category Company
Founded 2020
Sector Machinery
DESCRIPTION

Pacteon provides design, assembly, and manufacturing of fully integrated and automated end-of-line packaging equipment solutions, including cartoning, case packing, palletizing, and stretch wrapping machinery. Pacteon is based in Greensboro, Georgia.

DEAL STATS #
Overall 4 of 4
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 ESS Technologies

Blacksburg, Virginia, United States

ESS Technologies provides complete packaging line design, equipment manufacturing, integration and automation solutions to the pharmaceutical, diagnostic, and cosmetic end markets. It also offers packaging machinery with integrated serialization systems to meet stringent pharmaceutical track and trace mandates. ESS Technologies was founded in 1993 and is based in Blacksburg, Virginia.

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