SHARON, MASS. — The new top executive at Dynisco Inc., Richard Paolino, said Dynisco wants to expand by acquisitions, internal growth or even joint ventures with other companies.
The Sharon-based manufacturer of transducers, gear pumps, screen changers, testing equipment and hot-runner systems wasted no time after naming Paolino president and chief executive officer in February. On April 8, Dynisco announced it had purchased a major European hot-runner supplier, Eurotool Operations BV of Gravendeel, the Netherlands. Dynisco already is a major hot-runner supplier for North American injection molding, through its Kona unit in Gloucester, Mass. Dynisco will continue to make both product lines, for sale around the world.
Paolino said company leaders this spring are conducting a detailed self-analysis, including a study of market share and possible new products.
Paolino also wants to do a better job promoting Dynisco, starting at NPE 1997.
``The outside world doesn't know enough about the skills we have. We're going to change that,'' Paolino said in an April 10 interview in Sharon.
Paolino comes from Brown & Sharpe Manufacturing of North Kingstown, R.I., where he was vice president and general manager of the Measuring Systems Group. Before Brown & Sharpe, he worked at a number of companies, including a stint in sales at Canada's Husky Injection Molding Systems Ltd. during the mid-1970s. He has an associate's degree in engineering science from Dartmouth College and a master's degree in business from the University of Chicago.
Paolino comes to Dynisco after a period of revolving-door changes in the executive suite last year. Roger Brooks, Dynisco's longtime CEO, left the company. Before that, three high-level executives left during a four-month period. Dynisco also recently closed a factory in Woburn, Mass., that made gear pumps and screen changers, relocating the work to other plants.
For Dynisco, the Eurotool purchase continues a history of acquisitions. Dynisco was founded in 1953 as a small maker of transducers, which measure pressure and temperature of molten plastic flowing through a machine.
In 1988, the company bought Kayeness Inc., a manufacturer of polymer testing equipment. Other acquisitions followed in the 1990s, expanding Dynisco's range of products, including Kona hot-runner systems, Normag gear pumps and Extek screen changers.
Dynisco is owned by Berwind Group, a privately owned holding company in Philadelphia.
Dynisco employs about 500. Annual sales are about $90 million.