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ProMach acquires American Holt and Pride Engineering from Arcline Investment
Yahoo Finance· 2026-01-12 10:21
Core Insights - ProMach has acquired American Holt, DMA Solution, and Pride Engineering, collectively known as AmHolt, from Arcline Investment Management, enhancing its capabilities in the consumer packaged goods sector [1][2] - The financial details of the acquisition remain undisclosed, but it is expected to strengthen ProMach's position in the packaging industry [1] - The integration of AmHolt's workforce into ProMach's Primary Packaging division will bolster its offerings in filling, capping, labeling, and product handling systems [2][4] Company Overview - American Holt and DMA Solution specialize in designing and producing components for packaging in various industries, including beverages, food, protein, and home care products [1][2] - Pride Engineering focuses on manufacturing specialized components for aluminum can production, with operations in Massachusetts, Quebec, and Minnesota [2] - ProMach's Primary Packaging division, led by Doug Stambaugh, consists of 14 brands that cater to consumer goods manufacturers globally [2] Leadership and Strategic Vision - ProMach's president and CEO, Mark Anderson, emphasized the quality and efficiency of AmHolt's products, highlighting their ability to enhance customer operations [3] - The acquisition is seen as a commitment to providing a comprehensive experience for customers, with anticipated synergies among ProMach's existing companies [4] - Cliff Gilbert, the former CEO of AmHolt, will assume the role of senior vice president within ProMach's Primary Packaging unit, aiming to expand their vision as a world-class solution provider [4] Recent Acquisitions - ProMach has been actively expanding through acquisitions, including DFT Technology, which specializes in thermal treatment of food products, and Etiflex, a producer of pressure-sensitive and RFID labels [5] - Previous acquisitions include Italian flexible packaging machinery manufacturer Reepack in 2022 and Serpa Packaging Solutions in 2021, indicating a strategic growth trajectory [5]