Gloucester Engineering buys Future Design

By Michael Lauzon
Correspondent

Published: March 6, 2012 6:00 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, 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

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

CPM Extrusion, ECON launch new line of underwater pelletizers

April 23, 2014 11:25 am ET

CPM Extrusion Group and ECON GmbH unveiled their brand new EUPC line of underwater pelletizers today at ChinaPlas held in Shanghai, China.    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Image

TSM growing into a second generation of leadership

April 23, 2014 12:50 pm ET

This is a time of great growth for the Dundalk, Ireland-based TSM Control Systems, a company that has created a name for itself since 1977 by...    More

Quality Vision buys ShapeGrabber

April 23, 2014 10:19 am ET

Quality Vision International Inc. of Rochester, N.Y., has purchased ShapeGrabber Inc., a maker of automated three-dimensional scanners, in a deal anno...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events