Alantra advised Packaging Progressions, Inc. on its sale to The Middleby Corporation
SECTORIndustrials
ServiceM&A
Jul 2019
Sell-side advisory
Alantra is pleased to announce the sale of Packaging Progressions, Inc. (Pacproinc) to The Middleby Corporation (NASDAQ: MIDD), a global leader in the foodservice equipment industry. Alantra served as exclusive financial advisor to Pacproinc on this transaction, which closed on July 15, 2019 for an undisclosed value.
Based in Souderton, Pa., Pacproinc is a leading manufacturer and provider of specialized, automated packing technologies for food processing and food service companies within the global protein and bakery sectors. Proprietary solutions include the equipment for interleaving, underleaving, counting, stacking and card dispensing, the related packing materials and replacement parts & service.