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

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

The return of HPM's big presses

December 19, 2014 11:47 am ET

HPM is back in big injection molding machines.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS...    More

Image

BASF to sell its share in Singapore JV

December 19, 2014 8:37 am ET

BASF SE has announced that it has reached an agreement for it to sell its share in the 50-50 joint venture ELLBA Eastern, at Jurong Island, Singapore ...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Upcoming Plastics News Events

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

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

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events