Pace Packaging LLC

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Pace Packaging LLC - overview

Established

1968

Location

Fairfield, NJ-New Jersey, US

Primary Industry

Industrial Machinery

About

Pace Packaging LLC specializes in designing and manufacturing automated equipment for the packaging industry, focusing on enhancing efficiency and reliability in bottle handling and processing systems. Pace Packaging LLC, founded in 1968 and headquartered in Fairfield, US, is dedicated to providing automated solutions for packaging operations. The company was acquired by ProMach Inc. in September 2014, although financial terms were undisclosed.


The founder's history is not detailed in the provided information. Pace Packaging specializes in the design and manufacturing of automated bottle unscrambling machines, bottle orienting systems, and conveyor cleaning solutions. Their core product offerings, including the R-Line and Combo-Line systems, facilitate the seamless handling of a diverse range of bottle types, ensuring that both asymmetrical and symmetrical bottles are accurately positioned for downstream processes. These machines are engineered to enhance production efficiency, reducing maintenance downtime through innovative designs tailored for high-volume manufacturing environments.


The company serves a broad client base across various industries, including pharmaceuticals, cosmetics, and food and beverage, providing solutions for packaging operations in North America, Europe, and parts of Asia. Pace's products are deployed in facilities that require reliable orientation of liquid containers, such as those used for hand sanitizers or bottled drinks. Pace Packaging's revenue model revolves around the sale of advanced machinery and systems to B2B clients, primarily within the manufacturing and packaging sectors. The transactions typically involve direct sales agreements where customers acquire equipment tailored to their production needs.


Partnerships may also exist with distributors who help expand market reach, facilitating product access in geographical regions such as North America and Europe. Clients may opt for specialized configurations or bundled solutions that include installation and maintenance services, ensuring comprehensive support for their operations. Flagship products, like the VersaSort™ Robotic Unscrambler and the OMNI-IR® Linear Unscrambler, represent significant components of Pace's offerings, contributing to a structured pricing model that emphasizes quality and performance in high-demand environments. Pace Packaging plans to leverage its recent acquisition by ProMach Inc.


to enhance its product lineup and market reach. The company is working on new automated solutions aimed at improving the efficiency of bottle handling processes, with products expected to launch in the coming years. Expansion efforts are focused on increasing presence in Europe and parts of Asia by 2025, capitalizing on existing relationships and distribution networks established through ProMach. The funding from the acquisition will support these initiatives, enabling the development and marketing of innovative packaging solutions.


Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery, Packaging

Website

www.pacepackaging.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Pace Packaging LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedPace Packaging LLC-
BuyoutCompletedPace Packaging LLC-

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Pace Packaging LLC - employee data

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