2013 Exhibitions
US extrusion machinery maker Davis-Standard has acquired drive and control systems provider Circonix Technologies; another extrusion machine maker Gloucester Engineering acquired Pearl Technologies and US industrial firm Hillenbrand has bought compounding machine maker Coperion of Germany.
Davis-Standard says the acquisition aligns with its commitment to help customers achieve greater value and productivity from their capital equipment investments. Circonix of Ringwood, New Jersey is a global leader in drive and control system retrofits for converting and extrusion equipment across all product lines. Acquiring Circonix extends Davis-Standard’s aftermarket services, supporting the company’s ability to upgrade PLC, drive and mechanical systems on thousands of existing installations worldwide, including non Davis-Standard brands.
In addition to Circonix, Davis-Standard also acquires CX Systems, which provides turnkey machinery relocations including rigging, electrical, mechanical and plumbing modifications, and installations.
Gloucester Engineering’s acquisition of Pearl, which offers low-friction surface technology for extrusion equipment such as collapsing frames, liquid chilled bubble cages, pre-nip chillers, turning bars and advanced gusset boards, is expected to improve Gloucester’s performance and reduce its operating costs.
Film/sheet/foam extrusion machinery maker Gloucester also expects to accelerate its growth, particularly in extrusion and international markets and expand to markets that are covered by Pearl, such as the medical and food packaging, and blown film producers.
Meanwhile, Hillenbrand will integrate Coperion into its Process Equipment Group (PEG) unit. Its three operatingcompanies are K-Tron, which focuses primarily on feeding and pneumatic conveyingequipment; Rotex, a manufacturer of separation equipment, including gyratory and vibratoryscreeners and sifters; and TerraSource Global, which makes size reduction equipment, conveying systems and screening equipment, operating under the three brands Pennsylvania Crusher, Gundlach and Jeffrey Rader.
Hillenbrand says the acquisition will enhance its growth strategy and strengthen its position in key markets such as the plastics,chemicals, food and minerals industries.
(PRA)
