Sunday, October 16, 2011

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

fishermen-americachair.blogspot.com
signed the deal June 9 to buy of England. Terms were not disclosed. Randu Lorenz, vice president of sales at MarquipWardUnited, said Apollpo generated revenue ofabout $5 million last year and employ s 15 people. Lorenz said the acquisitiohn of Apollo will close late this monthg orearly July. He said Stever Brimble, who heads MarquipWardUnited's sales division in Europee and Asia, will take on the additionalp role of managing director for the newlhyacquired company. "It's a small acquisition but it will enable us to expanrd our markets in Europe and theMiddlew East," Lorenz said.
The acquisition of Apollo Sheeters is the seconed thata Barry-Wehmiller subsidiaruy has made this year. In April, of Minneapoli s announced it signed a deal to purchasethe high-speef beverage cartoning and packaging line of of Wisc., for an undisclosed amount. Barry-Wehmillere operates 10 business units in all and generated revenueof $941 millioh last year compared to $772 millioj in 2006. Last year, Barry-Wehmiller bought five includingof Salem, Ill., and Los Angeles-base d Glenn Ostle, editorial director of Paper 360, a trade publicationb that focuses on the paper and pulp said MarquipWardUnited efforts to expand its markey overseas is timely.
"Over the last 10 the pulp and paper markey inthe U.S. has matured" Ostle said. "In some countriex like China, it's growing rapidly, and they need new It's also growing in India and in South especially Brazil, where a lot of paper comes

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