Leonard Green & Partners To Acquire ProMach ProMach has announced that affiliates of Leonard Green & Partners, a private equity investment firm, have entered into a definitive agreement to acquire the company from affiliates of AEA Investors. Finan- cial terms of the transaction were not disclosed. Founded in 1998, ProMach is a family of packaging solution product brands serving manufacturers of all sizes, geographies, and industries. The transaction is expected to be completed in the first quarter of 2018 and is subject to customary clos- ing conditions. PMMI Awards RIT $5,000 Scholarship The PMMI Foundation has announced that the Rochester Institute of Technology (RIT) is the recipi- ent of the Future Leaders in Packaging Scholarship. The $5,000 Scholarship, awarded each year to an edu- cational institution that prepares students for careers in packaging, will be divided among two or three stu- dents selected by the school based on a combination of academic excellence and financial need.The PMMI Foundation, sponsored by PMMI, The Association for Packaging and Processing Technologies, provides
more than $200,000 in scholarships each year to stu- dents across the country majoring in packaging. RIT’s department of packaging science prepares 200 undergraduates and 40 graduate students for employment across the packaging industry. Estab- lished in 1973, the program includes a Packaging Dy- namics Lab — a certified ISTA Test Lab equipped to conduct distribution testing in accordance with ISTA and ASTM procedures — and a Center for Sus- tainable Packaging, sponsored by the Wegman Fami- ly Charitable Foundation. The Center focuses on food waste reduction, shelf life extension and the de- velopment of packaging systems that deliver sustain- ability. RIT also of fer s packaging minor s in packaging science and flexible packaging frequent- ed by students studying industrial design, graphic de- sign, engineering and more. Farnell Packaging Limited Achieves SGP Certification Farnell Packaging Limited of Dartmouth, Nova Sco- tia, has achieved certification from The Sustainable Green Printing Partnership. Farnell Packaging, established in 1961, is a family- owned and operated business providing f lexible packaging solutions.
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