logo
logo

Promach Acquires Techniblend, A Leading Supplier Of Beverage And

Feb 16, 2022over 3 years ago

Acquiring Company

ProMach

Acquired Company

TechniBlend

ManufacturingFood And Beverage

Description

Deal strengthens ProMach’s expanding capabilities in the processing solutions market to complement their robust packaging machinery portfolio and provide complete turnkey solutions across the entire production line

Company Information

Company

ProMach

About

ProMach is a family of best-in-class processing and 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 production line: processing, filling, bottling and capping, decorative labeling, flexibles and trays, pharma, handling and sterilizing, labeling and coding, and robotics and end of line. ProMach also provides systems and integration including turnkey solutions, design/build, engineering services, and productivity software to optimize processing and packaging line design and deliver maximum uptime. ProMach designs, manufactures, integrates, and supports the most sophisticated and advanced solutions in the global marketplace. Its diverse customer base, from Fortune 500 companies to smaller, privately-held businesses worldwide, depends on reliable, flexible, technologically advanced equipment and integrated solutions. ProMach is headquartered near Cincinnati, Ohio, with manufacturing facilities and offices throughout North America, Europe, South America, and Asia. For more information about ProMach, visit http://www.ProMachBuilt.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed