Packaging company ProMach has purchased American Holt, DMA Solution and Pride Engineering, collectively called AmHolt, from Arcline Investment Management.
Financial details of the deal remain undisclosed.
The agreements expand ProMach’s capabilities in the consumer packaged goods sector.
American Holt and DMA Solution focus on the design and production of components used in packaging for industries including beverage, food, protein and home care products.
Pride Engineering manufactures specialized components for the production of aluminum cans.
With operations in Massachusetts, Quebec and Minnesota, AmHolt’s workforce will be integrated into ProMach’s primary packaging division.
Led by group president Doug Stambaugh, this business unit consists of 14 brands that supply filling, capping, labeling and product handling systems to consumer goods manufacturers around the world.
ProMach President and CEO Mark Anderson commented: “AmHolt companies are recognized for their quality design and manufacturing, as well as their ability to partner with consumer packaged goods companies to improve efficiency and uptime, and we are proud to welcome their world-class products to our portfolio.
“This acquisition reinforces our commitment to providing the best end-to-end experience for our customers. The synergies with other ProMach companies are exciting for both our company and our customers.”
Former Amholt CEO Cliff Gilbert will take on the role of senior vice president within ProMach’s primary packaging unit.
Gilbert said: “Joining ProMach is an exciting opportunity that will allow us to continue and expand our vision to be a world-class solutions provider.”
In recent years, ProMach has expanded with a series of acquisitions.
Last month it acquired DFT Technology, a company specialized in the heat treatment of food products.
In 2024, ProMach acquired Mexican pressure-sensitive and radio frequency identification (RFID) tag producer Etiflex.
This followed the acquisitions of Italian flexible packaging machinery manufacturer Reepack in 2022 and Serpa Packaging Solutions in 2021.
“ProMach Acquires American Holt and Pride Engineering from Arcline Investment” was originally created and published by Packaging Gateway, a brand owned by GlobalData.
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