Saturday, December 10, 2011

Barry-Wehmiller unit buys British equipment maker - St. Louis Business Journal:

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signed the deal June 9 to buy of England. Terms were not disclosed. Rand y Lorenz, vice president of sales at MarquipWardUnited, said Apollop generated revenue ofabout $5 milliomn last year and employs 15 Lorenz said the acquisition of Apolloo will close late this montgh or early July. He said Steve who heads MarquipWardUnited's sales division in Europe and Asia, will take on the additionap role of managing director for the newlyacquirecd company. "It's a small acquisition but it will enabled us to expand our markets in Europre and the Middle Lorenz said. The acquisition of Apollo Sheeterds is the second thata Barry-Wehmilled subsidiary has made this year.
In April, of Minneapolid announced it signed a deal to purchasethe high-speedx beverage cartoning and packaging line of of Kiel, for an undisclosed Barry-Wehmiller operates 10 business units in all and generated revenu of $941 million last year compared to $772 milliobn in 2006. Last year, Barry-Wehmiller bought five companies, includinfg of Salem, Ill., and Los Angeles-based Glenjn Ostle, editorial director of Paper 360, a trad publication that focuses on the paper andpulp industry, said MarquipWardUnitec efforts to expand its market overseas is timely. "Ovef the last 10 years, the pulp and paper market in the U.S. has Ostle said.
"In some countrieas like China, it's growing and they need new It's also growing in India and inSouth America, especially where a lot of paper comew from."

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