ProMach Acquires FLtecnics to Expand Flexible Packaging Footprint.
M2 EQUITYBITES-September 20, 2018-ProMach Acquires FLtecnics to Expand Flexible Packaging Footprint
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20 September 2018 - Ohio, US-based packaging machinery solutions provider ProMach has acquired Spain-based packaging solutions manufacturer FLtecnics to expand its global footprint and flexible packaging product line, the company said.
Terms of the transaction were not disclosed.
ProMach's relationship with the European horizontal form-fill-seal pouch provider began in 2014 when it began to sell and support FLtecnics products in the North American market.
ProMach's Flexibles business line provides a wide variety of flexible packaging machinery solutions, including bags, pouches, sachets, stickpacks, and more from numerous product brands for a range of industries.
In recent years ProMach has increased its focus on markets outside North America, particularly the Latin American and European marketplace, resulting in double-digit annual growth of international sales.
The addition of FLtecnics helps ProMach strengthen its global position in the fast-growing stand-up pouch market.
FLtecnics leadership, sales, engineering and customer service staff are joining the ProMach Flexibles team.
ProMach offers packaging solution brands serving manufacturers of all sizes and geographies in the food, beverage, pharmaceutical, personal care, and household and industrial goods industries.
ProMach brands operate across the entire packaging spectrum: filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line.
FLtecnics manufactures innovative servo-controlled carrousel and walking-beam horizontal form-fill-seal machines capable of packaging 400 pouches per minute for the food, liquid, cosmetics, chemical, and pharmaceutical industries.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 20, 2018|
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