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IGP-backed Brown Machine Group buys aXatronics

Brown Machine Group, which is backed by Industrial Growth Partners, has acquired aXatronics, an automation equipment supplier.

Brown Machine Group, which is backed by Industrial Growth Partners, has acquired aXatronics, an automation equipment supplier. No financial terms were disclosed.

PRESS RELEASE

San Francisco, CA – Brown Machine Group (BMG), a leading provider of thermoforming and packaging systems for the food & beverage market, has acquired the robotics capabilities from automation equipment supplier aXatronics. 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, headquartered in Beaverton, Michigan, is a portfolio company of Industrial Growth Partners (IGP).

aXatronics is a certified Motoman Robotics Strategic Partner and proven supplier of automation solutions for the commercial and industrial packaging industry. The company’s primary focus is creating high-level mechatronics process engineered solutions for challenging processes in manufacturing. Products offered by aXatronics include stackers, loaders, product handlers, case packers and robotic end of arm tools.

“The addition of aXatronics to BMG enhances the solutions we provide to the industry,” said Greg Wolf, BMG’s Chief Executive Officer. With leading automation capabilities, the aXatronics acquisition will provide BMG’s customer base with a fully integrated turn-key solution to meet their specific needs and challenges. The addition of aXatronics’ robotic capabilities will broaden BMG’s existing product lines and enhance new product development efforts currently underway.

“We are very excited to bring robotic automation and many years of experience in process automation into the BMG family of product lines,” said Dave Whelan, President of aXatronics (now Director – Robotics for BMG).

Acquisition Details. On May 30, 2020, BMG acquired the robotics capabilities of aXatronics. BMG and IGP continue to seek add-on acquisitions that can enhance BMG’s position as a leading thermoforming equipment, tooling and automation equipment supplier. To learn more about BMG, please visit www.brownmachinegroup.com.

Industrial Growth Partners, founded in 1997, is a San Francisco-based specialist private investment partnership with $2.2 billion of equity capital raised since inception. The firm invests exclusively in middle-market companies in the industrial sector in partnership with management teams.