Gloucester Engineering buys Future Design

By Michael Lauzon
Correspondent

Published: March 6, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging, Film & Sheet, Machinery, NPE 2012

GLOUCESTER, MASS. (March 6, 4 p.m. ET) — Extrusion major Gloucester Engineering Co. Inc. has expanded its technology base with the acquisition of blown film specialist Future Design Inc. of Mississauga, Ontario.

Gloucester announced the acquisition March 6 but did not disclose terms of the deal. Gloucester Engineering President Carl Johnson said Future Design will operate as a stand-alone company.

“They are specialists in bubble management,” Johnson said in a telephone interview. “Their technology will be additive to ours.”

Among Future Design’s familiar products are Saturn and Perfect Balance air rings, SES evacuation systems, Escort collapsing frames and Little Giant narrow web and laboratory lines.

The firm’s Saturn air rings are Future Design’s best known accomplishments, said Future Design founder Robert Krycki in a telephone interview.

The Saturn technology controls air flow and cooling and was originally offered as a retrofit option. Over the years Future Designs began selling its Saturn air rings to other original equipment manufacturers. Although it didn’t sell rings directly to Gloucester Engineering, Future Design helped design air rings for the company, according to Krycki. Johnson said Future Design will continue to sell air rings to other OEMs.

“We hope their OEM relationships will continue,” Johnson stressed.

Precise bubble management gives a processor more throughput, flexibility and gauge control, Johnson explained. Future Design’s technology has extended from two lips to three-lip designs with automation for better control. The Saturn 7 series goes up to 100-inch dies, a territory Krycki claims Future Design dominates globally.

“Over the past 34 years, Future Design has produced innovative and successful products that advance the competitiveness and return on investment for blown film producers around the world,” notes Gloucester Engineering CEO Mark Steele in a news release. “As a result, Future Design has built lasting relationships with its valued customers.”

Robert Krycki will continue to support the Future Design business and Gloucester Engineering for a year with the title founder. The 68-year-olf plastics veteran said as he got close to retirement he decided a new owner was needed to help take the firm to a higher level.

Gloucester’s experience and financial backing will provide added sources of creativity, financial capacity, distribution and service network to continue our growth and innovation,” Krycki said in a news release.

Gloucester Engineering based in Gloucester, Mass., is a leader in plastics extrusion systems for sophisticated blown and cast films, sheet and foam extrusion, bag making and extrusion coating. It is owned by private equity firm Blue Wolf Capital Fund II LP of New York.

Gloucester Engineering and Future Design each will exhibit separately at NPE2012 in Orlando, officials said. Gloucester will be in booth 3343, and Future Design is in 5444.


Comments

Gloucester Engineering buys Future Design

By Michael Lauzon
Correspondent

Published: March 6, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

VisiPak adds to customer mix, product offerings with Tulox acquisition

March 5, 2015 2:19 pm ET

VisiPak has acquired Tulox Plastics Corp., a maker of clear plastic packaging.    More

Image

Auto supplier Motus adds more production as it buys Leon Interiors

March 5, 2015 10:52 am ET

Motus Integrated Technologies, a Tier 1 automotive interiors supplier, is getting bigger, adding the assets of Tier 2 supplier Leon Interiors Inc.    More

Image

PET makes it possible to have your beer and be sustainable too

March 5, 2015 10:45 am ET

PET could replace stainless steel beer kegs in a material swap product developers say will be more environmentally friendly and cost effective for...    More

Image

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Image

Best Places To Work: No. 7, CMD Corp.

March 4, 2015 12:27 pm ET

There's a lot of innovating going on at the No. 7 company on Plastics News' Best Places to Work ranking.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events