ProMach Inc., a provider of packaging products and services, said Thursday that it has acquired Allpax Products Inc., which designs and manufactures sterilization, material handling and automated control systems. Terms of the deal were not disclosed. Allpax, headquartered in Covington, La., will become a division of ProMach's Primary Packaging Business unit. Its management team will be retained, and will report to Bud Lane, the unit's president. "We're enthusiastic about the potential to better serve our existing customers and new opportunities in the growing food processing and pharmaceutical markets they bring to ProMach," said John Paxton, ProMach's chairman and CEO. ProMach, headquartered in Loveland, operates three business units, which include 10 divisions. The company is owned by equity fund Odyssey Investment Partners LLC, headquartered in New York.
