Arcline Investment Management Acquires Specialty Packaging Tooling Manufacturer Pride Engineering

Arcline Investment Management (Arcline), a private equity firm with $1.5 billion of capital under management, announced that it has acquired Pride Engineering, LLC (Pride or the company) from May River Capital.  Pride is reportedly anticipated to be the first of several acquisitions as Arcline builds a specialty tooling platform across numerous industries.

Pride Engineering is the global leader in the design and manufacture of precision-engineered tooling, equipment and aftermarket parts that are mission-critical to the aluminum beverage packaging manufacturing process.  The company’s products reportedly generate significant return on investment for its customers by maximizing quality, productivity and operational uptime.  Pride’s products include tool packs, bottom formers, precision grinders and most recently, SYNAPSE™, the company’s next generation internet of things solution.

“We are in the early innings of a once-in-a-generation shift in the packaging industry – the large-scale substitution of single-use plastic containers toward more sustainable aluminum containers,” said Arcline.  “We are committed to supporting the anticipated volume growth of Pride’s customers by heavily investing in the company’s engineering and technology capabilities.  Specifically, we plan to work with Pride to accelerate the rollout of its newest product, SYNAPSE™, that uses sensor-driven analytics to drive step-change quality and productivity improvements in our industry.”

“We are excited to partner with Arcline, which shares our passion for supporting our customers’ vision of advancing the adoption of environmentally favorable packaging,” said Greg Pickert, president and CEO of Pride. “Arcline’s experience in software and technology enablement will be a great asset as we further develop the next generation of connected tooling for our customers.  We look forward to playing a key role in the sustainable packaging industry as we invest in our next phase of growth.”

For more information, visit

Share on Socials!

Related Articles

Related Articles

ADF&PCD New York Teams up with Webpac to Deliver a Vision of the Future of Beauty Packaging

Future Beauty Packaging Live theatre at the September event will bring together top perfume and cosmetics brand owners with packaging suppliers to discover the future of ...
Read More

The Six F’s in Flexible Packaging

By Danny Beard, President of Packaging Specialists At the risk of sounding obvious, the best attribute of flexible packaging is its, well, flexibility. I don’t mean ...
Read More

Maxwell Chase to Introduce Solution for Extending Seafood Shelf Life

Maxwell Chase ( – a CSP Technologies, Inc. company that specializes in extending freshness and enhancing food safety with its unique packaging solutions for the food ...
Read More