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
Companies & Associations

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

Colormasters' film investments add capacity and capability

April 17, 2015 11:35 am ET

Colormasters LLC continues to invest in new film and converting capacity to keep up with demand for its flexible packaging products.    More

Image

Thailand's Royal Group adding thermoforming plant in Indiana

April 17, 2015 11:17 am ET

Royal Interpack North America Inc. is spending $12 million to make recycle-content PET clamshell containers in Anderson, Ind.    More

Image

Inteplast buys Canadian film maker Haremar, bag maker El-En

April 13, 2015 4:29 pm ET

Inteplast Group has increased its business in Canada with the acquisition of a specialty polyethylene blown film coextruder.    More

Image

Reliance finds room to grow in North Carolina

April 9, 2015 3:04 pm ET

Reliance Packaging LLC expects to grow significantly during the next three years, both in production of heavy-duty plastic bags for the lawn and...    More

Image

Silgan to hire 120 for new plant

April 9, 2015 2:57 pm ET

New details are emerging about Silgan Plastics' plans for a new production facility in Hazelwood, Mo., near St. Louis.    More

Market Reports

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events