Board Converting News, February 15, 2021

ProMach Adds Serpa Packaging Solutions To Its Growing Portfolio Cincinnati, Ohio based ProMach, a leader in packaging machinery solutions, announced that it has acquired Ser- pa Packaging Solutions, a provider of cartoning and end of line packaging systems for the pharmaceutical, medical device, nutraceutical, food, cosmetics, and personal care markets. The addition of Serpa brings automated cartoning sys- tems into ProMach’s portfolio and significantly expands ProMach’s specialized secondary packaging machinery and line integration capabilities for the rapidly growing pharmaceutical industry. Founded in 1985, Serpa designs, manufactures, and supports complete end of line packaging solutions, pro- viding cartoners, case and tray packers, robotic palletizers, literature feeders, sleevers, and robotic product handling systems to Fortune 5000 companies across the globe. Additionally, Serpa provides line integration and validation services, designing turnkey integrated packaging systems from start to finish with single-source responsibility. “Serpa is no stranger to the ProMach organization,” said Mark Anderson, ProMach President and CEO. “We’ve worked with them on numerous projects over the years across multiple ProMach product brands and their custom- er-focused approach has always made them a wonderful

partner. We’re excited to welcome Serpa to the ProMach family and look forward to working with their outstanding team as they continue developing innovative solutions, ex- panding into new markets, and bringing immense value to their customer base.” Visalia, California based Serpa and its entire team, in- cluding company founder and president Fernando Serpa, will join ProMach’s Robotics & End of Line group, led by Hutch Coburn, Senior Vice President. ProMach’s Robotics & End of Line group includes well-known product brands Brenton, Dekka, Edson, Orion, Quest, Rennco, Texwrap, and Wexxar Bel. ProMach will continue to invest in Ser- pa’s employees, brand, products, services, and facility to further advance its position as a leader in end of line pack- aging technologies. “The addition of Serpa to our already strong Robotics & End of Line portfolio means our customers have access to one of the most robust lineups of end of line solutions in the world, with more than 700 team members focused on designing, manufacturing, and supporting our second- ary packaging systems in the marketplace,” said Coburn. “We’re excited about what Serpa brings to ProMach with their world-class cartoning and end of line capabilities. To- gether, we have an outstanding opportunity to bring un- paralleled benefits to customers in nearly every market, from food to e-commerce to pharma and more, with any- thing from a single piece of machinery all the way to a completely integrated end of line system.”

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February 15, 2021

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