Gloucester Engineering buys Pearl Technologies

By Michael Lauzon
Correspondent

Published: October 17, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Film & Sheet, Machinery

GLOUCESTER, MASS. (Oct. 17, 4:20 p.m. ET) — Extrusion equipment major Gloucester Engineering Co. Inc. has expanded its product line by acquiring Pearl Technologies Inc. of Savannah, N.Y.

Pearl engineers and makes consumable parts for converting and extrusion equipment. Its customized aftermarket parts like punches, slitters and wicket attachments improve performance and reduce operating costs, Gloucester said in an Oct. 17 news release issued from its Gloucester, Mass., head office.

Pearl also offers performance enhancers built with low-friction surface technology for extrusion equipment such as collapsing frames, liquid chilled bubble cages, pre-nip chillers, turning bars and advanced gusset boards.

“Pearl has consistently led with technically superior products and provided excellent service through its focus on design, engineering, customer service and product quality,” Gloucester CEO Mark Steele said in a news release. “Pearl’s products accelerate our growth in attractive aftermarket segments and extends [Gloucester’s] product reach further into converting, all of which will result in a more expansive product offering and improved customer service.”

Bob Tewksbury and Pearl’s management team will join Gloucester. Tewksbury has 22 years of experience in flexible packaging and blown film. He will continue to lead Pearl.

“Access to [Gloucester’s] significant global network will accelerate our growth, particularly in extrusion and international markets,” Tewksbury explained in a news release.

Pearl’s markets include medical and food packaging, and blown film producers. Gloucester said it will build upon and defend Pearl’s patented intellectual property.

The company was founded by Earl T. Pottorff in 1985, who has since retired.

Gloucester equipment is used to make film, sheet and foam for a range of applications around the world. Gloucester estimates its global installations represent more than $2 billion in operating assets.


Comments

Gloucester Engineering buys Pearl Technologies

By Michael Lauzon
Correspondent

Published: October 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

Kydex, Allen Extruders joined under Sekisui SPI name

September 17, 2014 4:12 pm ET

Sekisui Chemical Co. Ltd. is combining plastic sheet makers Kydex LLC and Allen Extruders LLC under one roof as Sekisui SPI.    More

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Image

American Renolit sees steady gains in the film market

September 16, 2014 11:51 am ET

American Renolit Corp. has changed its product mix, changed its customer base and managed to grow in a market that was initially skeptical about the...    More

Image

Flexibility for complexity key for Brampton

September 16, 2014 11:26 am ET

Blown film machinery maker Brampton Engineering Inc. is well positioned to meet growing demand for complex film structures, highly customized packagin...    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events