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.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.