ProMach expands its flexible packaging line
Packaging machinery provider ProMach plans to strengthen its global position in the stand-up pouch market with the acquisition of Spain-based FLtècnics.
ProMach’s Flexibles business line provides flexible packaging machinery solutions, including bags, pouches, sachets and stickpacks, for a wide range of industries. FLtècnics manufactures servo-controlled carousel and walking-beam horizontal form-fill-seal machines capable of packaging 400 pouches/min. Acquiring the company is expected to help ProMach continue to expand its global footprint and flexible packaging product line.
Mark Anderson, ProMach President and CEO, said, “Five years ago, we saw a growing need in the North American marketplace for a single source provider of a full range of flexible packaging solutions.
“We have invested in this space through product development, acquisitions and strategic partnerships with companies like FLtècnics. They are a technology leader in the horizontal form-fill-seal pouch space and we are excited to invest in their continued product development to bring new innovations and new technology into the global marketplace.”
ProMach began working with FLtècnics in 2014, selling and supporting its products in the North American market. The company has recently expanded into the Latin American and European marketplace, which it said has resulted in an increase in international sales.
Anderson said there has been a global growth in the flexible packaging market over the last five years. “The global stand-up pouch market, in particular, is showing highly favourable tailwinds for continued strong growth over the next five years, which makes taking the next step to bring FLtècnics fully into the ProMach family of product brands a natural fit.”
While the FLtècnics leadership, sales, engineering and customer service staff will join the ProMach Flexibles team, the product brand will continue to be led by current FLtècnics CEO Mateo Lara, who will take the position of Vice President & General Manager, and COO Pablo Pizarro, who will become Vice President of Operations.
“ProMach and FLtècnics have demonstrated tremendous success working together these past four years,” said Lara. “This will be a seamless transition for our team and our customers, and we look forward to introducing ProMach solutions more deeply into the marketplace.”
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