ID Technology Joins ProMach, Inc.
Oct 23, 2002Fort Worth, Texas - ID Technology today announced that it has been acquired by ProMach, Inc.
ID Technology is a leading manufacturer and integrator of labeling, coding and marking equipment. In addition to their factory and headquarters in Fort Worth, Texas, ID Technology provides nationwide support through numerous facilities and satellite locations across the United States.
The rapid growth and exceptional past performance of ID Technology along with their strong position for continued growth caught the attention of ProMach, as they searched for a labeling and coding partner. This is the eleventh acquisition of a North American packaging equipment manufacturer by ProMach in the past four years. Founded in July 1998 with the objective of building a worldwide leader in the design, manufacture, sale and service of packaging machinery; ProMach is a federation of very successful, independent operating companies within the packaging machinery industry. Collectively, ProMach's senior management team has decades of relevant industry experience, as well as extensive experience with acquisitions and international management.
ProMach's operating philosophy will allow ID Technology to maintain their operational autonomy and entrepreneurial spirit, while capitalizing on the benefits of scale. The ID Technology alignment with ProMach and its quality group of companies will facilitate continued growth and expansion in the marketplace.
In addition to ID Technology, the ProMach companies include Axon Corporation (including Styrotech), Belcor Industries Inc., Brenton Engineering Company, Fowler Products, Orion Packaging Systems, Ossid Corporation, Rennco, Roberts PolyPro, and Wexxar Packaging Machinery Ltd. These combined companies provide ProMach a strong presence in the rigid, flexible and end-of-line segments of the packaging machinery industry.
About ID Technology
Customers across North America depend on ID Technology to design, build, integrate, and install the most effective product, case, and pallet identification systems for their product lines. ID Technology is a leading provider of labeling, coding, and marking equipment that also supplies quality flexographic, digital, blank, and shell labels in run volumes of any size from numerous regional label converting facilities across North America. ID Technology is a product brand of ProMach, a global leader in packaging line solutions. As part of the ProMach Labeling & Coding business line, ID Technology helps our packaging customers protect their reputation and grow the trust of their consumers. ProMach is performance, and the proof is in every package. Learn more about ID Technology at www.IDTechnology.com and more about ProMach at www.ProMachBuilt.com.
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