Madison Capital Partners will move production of Beringer screen changers, pelletizers and jet cleaners from Marblehead, Mass., to Beringer's sister company in North Carolina, Dynisco Extrusion.
"We will consolidate manufacturing in North Carolina," said Larry Klumpp, president and chief executive officer of Dynisco LLC of Franklin, Mass.
Parts and service for Beringer equipment will remain in Marblehead.
Klumpp declined to say how many manufacturing-job layoffs would result from the move, or confirm how many people work in Marblehead. Sources said the Massachusetts operation employs about 70.
Beringer employees were offered jobs in North Carolina.
Madison Capital bought Beringer LLC as part of its 1998 acquisition of John Brown Plastics Machinery. The Chicago investment company picked up Dynisco Extrusion in Hickory, N.C., last year, when it bought four business units of Dynisco Inc.
After those deals, Madison became a major force in screen changers, the devices that filter plastic melt in extrusion. Industry observers say Dynisco Extrusion and Beringer were the two dominant players in manual and slide-plate screen changers.
Dynisco Extrusion also makes gear pumps and mixers.
Klumpp cited greater economies of scale for the decision to move Beringer in with Dynisco Extrusion.
Klumpp replaces Richard Paolino as president and CEO of Dynisco LLC. Paolino held that position since 1997. He resigned recently, Klumpp said. Paolino could not be reached for comment.
Dynisco Extrusion announced it was acquiring Beringer on Feb. 8. Madison owned both companies, but they had reported within separate, Madison-owned corporations. The combined operations have annual sales of about $85 million.
This marks the second time in five years that Dynisco has moved screen-changer jobs out of Massachusetts. In 1996, Dynisco closed its plant in Woburn, Mass., and moved that business to the North Carolina plant, which was the old Extek operation.