The Massman Companies Acquires New England Machinery, Inc.3 min read
VILLARD, Minn.–(Business WIRE)–The Massman Corporations, a around the world leader in packaging machinery, announces right now the acquisition of New England Equipment, Inc., a privately held company centered in Bradenton, FL.
New England Machinery, Inc. (NEM) builds remarkable good quality machines to make improvements to efficiencies in packaging production traces all over the world. NEM solution traces contain bottle Unscramblers, Orienters, Cappers, Retorquers, and Lidders. NEM also presents several kinds of specialty devices together with Pluggers, Pump Sorters and Placers, Scoop Feeders, and Spout Inserters.
The addition of NEM to The Massman Organizations permits whole line remedies from bottle to pallet. NEM is the fourth acquisition for Massman in bottling units and container/ingredient dealing with adhering to the acquisitions of PASE, Best-Pak, and DTM Packaging. Combined, these enterprises supply filling and packaging line solutions for bottle as a result of drum and tote container programs.
“NEM and Massman share common corporation loved ones values centered on buyer achievements, employee wellness, group, and very long-phrase business progress,” reported Jeffrey Hohn, President and CEO of The Massman Companies. “We welcome all the NEM workforce and consumers to The Massman Firms and appear ahead to a lot of future successes.”
Judith Nickse, a next-technology family members operator of New England Equipment, stated, “We are fired up to be becoming a member of The Massman Organizations. The acquisition is very good information for our workers, providing them the chance to function in a business dedicated to expenditure in client success, product progress, and technological know-how. We are thrilled to enter this future section of NEM’s progress.”
The transaction closed Friday, March 11th with no disruption to client or provider contracts.
The Massman Organizations deliver a full line of Automated Packaging devices which include pouch filling, situation packaging, shrink wrapping, palletizing and liquid filling alternatives. By means of its acquisitions of Best Pak, Pase, and DTM, Massman presents custom-made bottling and packaging gear from bottle to tote containers across a wide wide range of industrial, foods, beverage, OTC Pharma, and buyer items apps. For far more details about The Massman Organizations, visit www.themassmancompanies.com or simply call +1 (320) 554-3611.
New England Equipment, Inc. builds superior top quality machines to make improvements to efficiencies in packaging generation lines globally. NEM solution traces include things like bottle Unscramblers, Orienters, Cappers, Retorquers, and Lidders. Specialty machines including Pluggers, Pump Sorters and Placers, Scoop Feeders, and Spout Inserters are also out there. For much more data about New England Machinery, check out www.neminc.com, or contact +1 (941) 755-5550.
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Granite Associates assisted The Massman Businesses in the acquisition of New England Machinery, Inc. Lathrop GPM represented and CliftonLarsonAllen recommended on the expenditure. JP Morgan Chase Bank, N.A and Bell Capital Finance furnished funding. BerganKDV, Deloitte, Mahowald, Marsh & McLennan Company, and Vanguard delivered owing diligence and transition providers.
New England Equipment, Inc. was assisted by Genesis Money, LLC who served as investment decision banking advisor, and Alston & Chicken LLP who offered legal advice.