M&A Deal Summary

ProMach Acquires Lofton Label & Packaging

On October 4, 2023, ProMach acquired packaging company Lofton Label & Packaging

Acquisition Highlights
  • This is ProMach’s 8th transaction in the Packaging sector.
  • This is ProMach’s 19th transaction in the United States.
  • This is ProMach’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-10-04
Target Lofton Label & Packaging
Sector Packaging
Buyer(s) ProMach
Deal Type Add-on Acquisition

Target

Lofton Label & Packaging

Inver Grove Heights, Minnesota, United States
Lofton Label & Packaging is a provider of flexographic and digital label and film printing capabilities for products and packaging, including flexible packaging rollstock films, stand-up pouches, sachets, and stickpacks. Lofton Label & Packaging was founded in 1981 and is based in Inver Grove Heights, Minnesota.

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Buyer(S) 1

Buyer

ProMach

Covington, Kentucky, United States
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 25 of 30
Sector (Packaging) 8 of 10
Type (Add-on Acquisition) 25 of 30
State (Minnesota) 1 of 1
Country (United States) 19 of 21
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Reepack

Seriate, Italy

Reepack is a manufacturer of high-quality flexible packaging machinery known for its vacuum chambers, thermoformers, tray sealers, and flow wrappers. Reepack is based in Seriate, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-20 Sentry Equipment & Erectors

Forest, Virginia, United States

Sentry Equipment & Erectors is a provider of conveyors, packaging equipment, container handling solutions, and related services. Sentry Equipment & Erectors was founded in 1980 and is based in Forest, Virginia.

Buy -
Mergr

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