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Pro Mach Announces New Ownership by The Jordan Company

Pro Mach, Inc. announced today the completion of its acquisition by The Resolute Fund II, L.P., an affiliate of The Jordan Company, from Odyssey Investment Partners, LLC.

Financial terms of the transaction were not disclosed.

Pro Mach is a leading provider of integrated packaging products and solutions for food, beverage, household goods, pharmaceutical, and other consumer and industrial markets. Pro Mach supports a diverse customer base, from Fortune 500 companies to smaller, privately-held businesses worldwide. It is headquartered near Cincinnati, Ohio with manufacturing facilities and offices throughout the United States and Canada.

"We are proud to announce our new ownership under The Jordan Company," said Mark Anderson, Pro Mach President and CEO. "Our management team and I look forward to partnering with them to accelerate our growth strategy and build on our position as one of the largest packaging machinery manufacturers in North America."

"Our outstanding management team, which transformed Pro Mach from a collection of individual brands to a leading integrated solution provider, will remain intact and continue to lead our growth and execute our strategy," added Mr. Anderson. "The Jordan Company, with headquarters in New York and offices in Chicago and Shanghai, China, will provide significant support for Pro Mach and its management team to draw upon as we continue to grow our company and fulfill our highest priority - serving our customers. With The Jordan Company's support, we look forward to enhancing ProCustomer, our exemplary customer sales, support and service program that Pro Mach is recognized for in the packaging industry."

Pro Mach's product and solution brands include Allpax, Axon, Brenton, Currie by Brenton, Dekka, Fowler, ID Technology, IPak, LSI, Orion, Ossid, Rennco, Roberts PolyPro, Shuttleworth, Wexxar/Bel, and ProCustomer.

"By providing a single source for integrated solutions and a wide range of standalone products, Pro Mach solves strategically important packaging operations challenges for a diverse range of customers every day," said Brian Higgins, Principal, The Jordan Company. "Pro Mach and its brands have an excellent reputation for consistent delivery of exceptional products and support to its demanding customers, many of whom have been customers for more than 20 years. We look forward to working with the Pro Mach management team to expand Pro Mach's capabilities to provide superior products and services to its customers."

Barclays Capital arranged the debt financing for the transaction. Mayer Brown LLP acted as legal advisor to The Jordan Company. Barclays Capital acted as financial advisor to Pro Mach. Latham & Watkins LLP and Thompson Hine LLP acted as legal advisors.
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