IGP completed the acquisition of Brown Machine from Tenex Capital.

IGP completed the acquisition of Brown Machine, a provider of turnkey thermoforming and packaging systems for the food & beverage market, from Tenex Capital. Financial terms were not disclosed. “IGP will be helpful in providing strategic and operational support to Brown Machine Group as we embark on the next chapter of our growth story. With two decades investing in the industrial sector – in addition to their specific experience in the plastics and food & beverage markets – IGP brings a proven track record in supporting the expansion of businesses like BMG and we are looking forward to the partnership,” Bryan Redman, BMG CEO.