GN Thermoforming acquired by Brown Machine

US-based Brown Machine Group (BMG), a thermoforming machinery, tooling, and automation systems maker backed by Industrial Growth Partners (IGP), has acquired Canadian thermoforming machinery maker GN Thermoforming Equipment. BMG purchased 100% of GN stock. Financial terms of the deal were not disclosed.

Based in Chester, Nova Scotia, GN is a designer and manufacturer of thermoforming equipment, primarily for the food packaging industry.

GN manufactures roll-fed thermoformers suitable for the production of plastic packaging. It also manufactures advanced form cut stack thermoforming machines.

The company manufactures the GN760 plug-assist thermoformer, the GN800 form/cut/stack thermoformer, as well as the GN580 form/cut/stack thermoformer.

GN, which has shipped its equipment to 70 countries over the past 35 years, also manages a technical service and sales centre in Jihlava of Czech Republic.

BMG said that the acquisition “significantly expands its thermoforming product offering and provides greater access to global customers in the food packaging industry.”

“GN’s machines are adept at quick change-overs and have an outstanding reputation for quality and generating strong ROIs for customers,”itt added in a statement.

“BMG’s proven expertise in growth through acquisition is an exciting and significant step for GN Thermoforming Equipment and our employees,” GN President Jerome Romkey said in the release. “Bringing our core technology, equipment and service offerings together, while expanding the overall scope of our customer base, is the next logical step for both companies.”

GN will continue to operate and manufacture under its current name within BMG and remain headquartered in Chester.

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(PRA)

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