Genesis Capital is pleased to announce New England Machinery (“New England Machinery”, “NEM” or the “Company”) has been acquired by The Massman Companies, a worldwide leader in packaging machinery. NEM builds superior quality machines to improve efficiencies in packaging production lines worldwide. The Company’s product lines include bottle Unscramblers, Orienters, Cappers, Retorquers, and Lidders. NEM also provides several types of specialty equipment including Pluggers, Pump Sorters and Placers, Scoop Feeders, and Spout Inserters.
“Genesis Capital did a tremendous job navigating our family through a complex process to achieve the best possible outcome for our company, owners and employees”, said Judith Nickse, CEO/President of New England Machinery. “We are pleased with the outcome and excited for the next phase of NEM’s growth.”
“NEM and Massman share common company family values focused on customer success, employee wellness, community, and long-term business growth,” said Jeffrey Hohn, President and CEO of The Massman Companies. “We welcome all the NEM employees and customers to The Massman Companies and look forward to many future successes.”
Genesis Capital, LLC served as financial advisor to New England Machinery, while Alston & Bird LLP served as legal advisor. Granite Partners assisted The Massman Companies in the acquisition of New England Machinery, Inc. Lathrop GPM represented and CliftonLarsonAllen advised on the investment. JP Morgan Chase Bank, N.A and Bell Capital Finance provided financing. BerganKDV, Deloitte, Mahowald, Marsh & McLennan Agency, and Vanguard provided due diligence and transition services.
About New England Machinery
New England Machinery, Inc., a privately held Company based in Bradenton, Florida, builds superior quality machines to improve efficiencies in packaging production lines worldwide. NEM product lines include bottle Unscramblers, Orienters, Cappers, Retorquers, and Lidders. Specialty equipment including Pluggers, Pump Sorters and Placers, Scoop Feeders, and Spout Inserters are also available. For more information about New England Machinery, visit www.neminc.com
About The Massman Companies
The Massman Companies provide a full line of Automated Packaging equipment including pouch filling, case packaging, shrink wrapping, palletizing and liquid filling solutions. Through its acquisitions of Ideal Pak, Pase, and DTM, Massman provides customized bottling and packaging equipment from bottle to tote containers across a wide variety of industrial, food, beverage, OTC Pharma, and consumer products applications. For more information about The Massman Companies, visit www.themassmancompanies.com
About Granite Partners
Granite Partners is a private investment and holding company founded in 2002 in St. Cloud, Minnesota, with a mission to grow companies and create value for all stakeholders. As trusted partners, innovative leaders, and responsible stewards, the company is committed to 100-year sustainability and aspires to world-class wellbeing for all people in and around the Granite community. Learn more at Granite.com.