M&A Deal Summary

ProMach Acquires Modering Packaging

On July 9, 2020, ProMach acquired machinery company Modering Packaging

Acquisition Highlights
  • This is ProMach’s 11th transaction in the Machinery sector.
  • This is ProMach’s 12th transaction in the United States.
  • This is ProMach’s 1st transaction in New York.

M&A Deal Summary
Date 2020-07-09
Target Modering Packaging
Sector Machinery
Buyer(s) ProMach
Deal Type Add-on Acquisition

Target

Modering Packaging

Deer Park, New York, United States
Modering Packaging designs, manufactures, and supports stainless steel equipment for filling, heat sealing, overcapping, loading, and denesting premade cups and trays as well as gas flush, HEPA, Clean in Place (CIP), and Sterilization in Place (SIP) systems. Filling systems can be provided in fully enclosed, ultra-clean, modified atmosphere packaging (MAP) with gas flush, or aseptic configurations, and all systems are designed to fulfill USDA and 3-A Sanitary Standards. Modering was founded in 1989 and located in Deer Park, New York.

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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 16 of 30
Sector (Machinery) 11 of 16
Type (Add-on Acquisition) 16 of 30
State (New York) 1 of 1
Country (United States) 12 of 21
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Jet Label & Packaging

Edmonton, Alberta, Canada

Jet Label & Packaging Ltd. is a manufacturer of labels and printed tape for a broad range of industries, including food and beverage, consumer packaged goods, pharmaceuticals, agriculture, forestry, transportation, grocery stores, and mass-market retailers. Jet Label & Packaging Ltd. was founded in 1998 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Fogg Filler

Holland, Michigan, United States

Fogg Filler Co. is a designer and manufacturer of rotary filling, rinsing, capping, sorting, and enclosure systems for the liquids industry. Fogg has over 4000 machines in over 25 countries across the globe, serving industries including dairy, juice, wine, spirits, beer, cosmetics, pharmaceutical, and industrial liquids. Its machinery is made to be flexible with many offerings that fill bottles made of plastic, glass, and/or aluminum. Fogg Filler was formed in 1956 and is based in Holland, Michigan.

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