Founded in 1952 and headquartered in Beaverton, Michigan, BMG is a leading provider of turnkey thermoforming and packaging systems for the food & beverage market. BMG offers a broad portfolio of highly-engineered thermoforming and automation equipment, in addition to best-in-class tooling and a comprehensive offering of post-sale parts, service and support. BMG’s deep product and application expertise has enabled the company to serve as a comprehensive system solutions provider to its customers, the majority of which are blue-chip food & beverage packaging producers. The company is poised to benefit from secular trends driving demand for thermoforming equipment and greater adoption of automation technologies, including the increasing use of tamper-evident, fresh food, on-the-go and transparent packaging, the conversion from foam-based materials to more environmentally-friendly alternatives, as well as end-of-line packaging solutions that reduce costs and improve manufacturing throughput.
Acquisition Details – On October 4, 2018, Industrial Growth Partners V, L.P., in partnership with management and certain outside investors, acquired BMG, marking the fifth platform investment for IGP’s fifth fund.
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