ProMach Expands with Acquisition of Lako Tool & Manufacturing

2 days ago

ProMach has acquired Lako Tool & Manufacturing, a company specializing in the design and manufacture of sealing, cutting, and punching components for flexible film packaging machinery. Financial details of the acquisition were not disclosed.

Founded in 1976 in Perrysburg, Ohio, Lako supplies equipment used in industries such as snacks, tobacco, personal care, and pet food.

Lako’s operations will be integrated into ProMach’s Systems & Process business unit, led by group president Ryan McCart.

ProMach president and CEO Mark Anderson stated: "Lako is well recognized for quality designs, precision engineering, and high-quality component manufacturing. With a world-class reputation for understanding complex customer requirements and delivering solutions that extend part lifecycles and ensure superior sealing for challenging, sustainable materials, we are proud to welcome their best-in-class products into the ProMach portfolio.

"The synergies with other ProMach companies are exciting for both our company and our customers. Lako will be a great addition to the ProMach family, and we look forward to continuing to serve their loyal customer base at the highest level in the industry."

The 59 employees at Lako will continue their roles under the new structure and report to Don Deubel, ProMach’s flexible packaging business line senior vice president.

John Bialecki, former CEO of Lako, will assume the role of vice president and general manager of the unit within ProMach. Bialecki commented: "I have been blessed to work with our previous owner, John Sullivan, for almost 20 years. His vision and guidance have allowed us to grow this business into a world-class solutions provider, and we are all personally grateful to him. Being part of ProMach will allow us to significantly scale Lako by leveraging the tools, processes, and customer relationships that ProMach has developed."

This acquisition follows ProMach’s January purchase of American Holt, DMA Solution, and Pride Engineering—collectively known as AmHolt—from Arcline Investment Management. These companies manufacture components used in packaging across various industries, including beverages, food, protein products, and home care.