Mazzone advises New Era Converting Machinery Inc. on its sale to IPCO AB, wholly owned by FAM AB
Mazzone & Associates (“Mazzone”) is pleased to announce that it acted as exclusive financial advisor to New Era Converting Machinery Inc. (“New Era” or the “Company”), with respect to the sale of New Era to IPCO AB (“IPCO”).
New Era is a web converting equipment design and manufacturing business, with two facilities located in Paterson, New Jersey. With 100+ employees and historical sales in 20+ countries, the Company is a world leading supplier of purpose-built coating, laminating, embossing, casting, calendering, and specialty systems for the web converting and roll-to-roll industry. The Company provides turnkey services, spares and systems to customers operating in a wide array of end applications including filtration, battery, packaging, adhesive and other market segments.
The acquisition of New Era enables IPCO to become a turnkey provider of processing equipment, with a broad portfolio of presses, film casting and web handling solutions in key industries, especially sustainability driven segments. IPCO expects to leverage its strong sales and aftermarket capabilities in 25 countries to accelerate New Era’s growth.
Paul Lembo, New Era EVP said, “Joining IPCO is the natural next step in New Era’s evolution as we secure the long-term future of our solutions, team and customers, and accelerate the growth of our business.”
Robert Hermans, IPCO CEO said, “The acquisition of New Era is a perfect strategic fit with IPCO’s business ambitions. It enhances our core offerings and introduces new dimensions to our double belt press and film casting capabilities, giving us the ability to offer turnkey solutions to our customers. This synergy will allow us to provide comprehensive and efficient web handling and calendering solutions on a global scale.”
Mazzone’s deal team was led by Jonathan White, Stuart Sanford, and Bradley Herring. Bob Pasquale, one of the founders of New Era added that “Mazzone’s guidance was instrumental in realizing a successful outcome for the selling shareholders. Their diligent and professional approach made a great result for everyone possible.”
About New Era Converting Machinery Inc.
Headquartered in Paterson, NJ, New Era is a leading supplier of purpose-built coating, laminating, embossing, casting, calendering, and specialty systems for the web converting and roll-to-roll industry. New Era also provides turnkey engineering service and spares for aftermarket services across a customer base operating in a wide array of end applications including filtration, battery, packaging, adhesive and other market segments. For more information, please visit https://neweraconverting.com/.
About FAM AB
FAM AB is a privately-owned holding company that manages its assets as an active owner with a long-term ownership horizon. FAM is owned by the three largest Wallenberg Foundations – via the holding company Wallenberg Investments AB. For more information, please https://fam.se/en.
About IPCO AB
Headquartered in Sandviken, Sweden, IPCO is an industrial process solutions company, with around 600 employees in 25 countries, which innovates, manufactures and services advanced high-performance processing equipment and steel belts, supported by a strong local sales and aftermarket presence. For more information, please visit https://ipco.com/.
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