Houlihan Lokey Advises LAKO Tool & Manufacturing

Houlihan Lokey is pleased to announce that LAKO Tool & Manufacturing Inc. (LAKO) has been acquired by ProMach, Inc. The transaction closed on March 11, 2026.

Founded in 1976 and headquartered in Perrysburg, Ohio, LAKO is an international leader in high-quality, durable components for the flexible packaging industry. LAKO designs and manufactures high-performance sealing, cutting, and punching solutions, along with associated tooling, for flexible film packaging machines. The company is known for its expertise in developing unique, high-performance sealing solutions for demanding applications within high-precision packaging machinery. The company serves several end markets, including snack, tobacco, personal care, and pet food.

ProMach is a family of best-in-class packaging and processing solution brands serving manufacturers of all sizes and geographies in the food, beverage, pharmaceutical, personal care, and household and industrial goods industries. ProMach brands operate across the entire production line: processing, filling, bottling and capping, decorative labeling, flexibles and trays, pharma, handling and sterilizing, labeling and coding, robotics and end-of-line, and lifecycle solutions. ProMach also provides systems and integration, including turnkey solutions, design/build, engineering services, and productivity software to optimize production line design and deliver maximum uptime. ProMach is headquartered near Cincinnati, with manufacturing facilities and offices throughout North America, Europe, South America, and Asia.

Houlihan Lokey served as the exclusive financial advisor to LAKO, advising on the initiation, structuring, and negotiation of the transaction. This deal highlights Houlihan Lokey’s continued market leadership in the packaging automation and flexible packaging markets.

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