IMA e ProMach

In December 2023, Edizione joined the project promoted by Byron Trott di Bdt & Msd Partners, investing in IMA SpA (“IMA”) and ProMach Inc. (“ProMach”), both leaders in the packaging machinery sector, with a turnover of approximately €2 billion each.

Investment case

The investment is part of the portfolio diversification strategy, involving exposure to two market-leading companies in the supply of complex and technologically advanced machines to blue chip customers in their respective segments, with high cash flow predictability due to multi-year backlogs and aftermarket service activities. The packaging machinery sector is acyclically driven by long-term drivers (mainly demand for more automation and innovation). The investment is fully in line with sustainability in an industry that is increasingly focusing on sustainable packaging.

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About IMA

IMA is a global leader in the design and manufacture of automatic processing and packaging machines for the pharmaceutical, cosmetics, food, tea and coffee industries. Founded in 1961, the company has built its leadership on innovation, research and a strong international vocation. 

Present in 80 countries, the group has a widespread network consisting of sales and service subsidiaries in Europe, the Middle East, the Americas and Asia, representative offices in Central and Eastern Europe, and more than 140 agencies operating worldwide. 

IMA has 55 production plants located in Italy, Germany, France, Switzerland, Spain, the United Kingdom, the United States, India, Malaysia, China and Argentina, comprising the core of a highly specialised industrial network. 

Located in Emilia Romagna's Packaging Valley, a centre of excellence for advanced mechanical engineering, IMA constantly invests in technological solutions to improve the quality of life, promote access to effective drugs, reduce food waste and respect the environment. 

The group's international success is the outcome of a sustainable expansion strategy, based on investment in research and development and continuous dialogue with key players in the relevant sectors.

countries

80

(sales network coverage)

production sites

55

machines installed

60000

total revenue

~ 2 bn €

years

> 60

of operation

employees

~ 7100

Milestones

1961
1995
2021
2023
2023

I.M.A. Industria Macchine Automatiche s.a.s. established in Bologna

Listing on the Milan Stock Exchange

BC Partners' takeover bid and delisting

BDT and the Vacchi family take over BC Partners' stake

Edizione co-invests with BDT in IMA

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Automatic bottling plant

About ProMach

ProMach is a leader in automation solutions for packaging and production management. 
Headquartered in Cincinnati, Ohio, the group specialises in the design and manufacture of packaging machinery for products in various sectors, including the food, beverage, pharmaceutical, nutraceutical, personal care and consumer goods industries. 

The company has a portfolio of more than 50 brands in various business lines. 
The business lines include handling, filling, bottling and capping, decorative labelling, flexible packaging and trays, pharmaceuticals, handling and sterilisation, labelling and coding, robotics and end-of-line. Promach offers tailor-made solutions for all types of production, from small- to large-scale operations. 

ProMach operates in numerous locations in North America, South America, Europe and Asia. The company's global presence, including over 90 production plants and sales offices, enables it to serve its customers in more than 55,000 locations, with a strong focus on aftermarket service.

countries

120

locations served

> 55000

sites

> 90

production and sales

brands

> 50

go-to-market product

machines installed

150000 +

employees

> 6000

worldwide

turnover

~ 2 bn USD

(2024)

Milestones

1998
2018
2023
2023

ProMach founded

Entry of Leonard Green & Partners (LGP)

BDT and LGP sign a co-control agreement

Edizione co-invests with BDT in Promach