Clarity Corporate Growth initiated the transaction, assisted in the negotiations and acted as the exclusive financial advisor to Pro Mach.
September 8, 2014 Cincinnati, OH – Pro Mach, Inc, announced today that it has acquired Pace Packaging, a leading global manufacturer of automated bottle unscramblers and related bottle handling equipment.
Pace Packaging, based in Fairfield, NJ was founded more than 40 years ago. Pace built its reputation on manufacturing high-quality, innovative systems that deliver high-speed performance for a wide variety of bottle types and product applications. In addition to unscramblers and orientors, Pace also manufactures conveyor cleaning systems for filling and bottling lines.
Pace joins Pro Mach’s Bottling & Capping Group alongside Pro Mach brands Federal, Fowler and Zalkin.
Clarity developed a trust rapport with Pace’s ownership – understanding the company’s key success drivers and the type of investor partner they were looking for. We matched these deal features with Pro Mach and supported the due diligence process.
“Clarity recognized a great potential fit between Pro Mach and Pace Packaging.” Said Clarity President Rich Sheiman “Pro Mach has steadily expanded its capabilities related to high speed bottling lines, providing an excellent platform for commercial synergies.”
“We are an active acquirer having completed thirteen acquisitions since 2011 – five of which were sourced by Clarity” commented Mark Anderson, President and CEO of Pro Mach, Inc. “We know how difficult it is to develop high quality acquisition opportunities. Clarity is very effective at identifying appropriate targets and opening a dialog with ownership”
About Clarity Corporate Growth
Founded in 1994, Clarity offers a unique combination of custom market research and M&A advisory services. With roots in industrial manufacturing and allied business services, our team of investment bankers and research professionals leverage keen market insight and an expansive network of contacts to assist clients in driving organic growth and strategic acquisition initiatives. For more information about Clarity, visit our website at www.claritycorporategrowth.com
About Pro Mach
Pro Mach is a leading provider of integrated packaging products and solutions for food, beverage, household good, pharmaceutical, and other diverse consumer and industrial companies. Pro Mach provides equipment, training, installation and parts in primary packaging, end of line packaging, and product identification & tracking. For more information about Pro Mach, visit its website at www.promachinc.com