This year’s K Show in Germany saw SMS Plastics finalize the sale of Battenfeld Gloucester Engineering to Mousam Ventures, and the new company will go back to it’s former roots and be named Gloucester Engineering Co. Inc.

Mousam Ventures is an investment firm focussed on investing in high tech growth companies. Mousam’s principals have over 25 years of experience in automation and control industries with deep expertise in the global polymer web gauging and control industry.

John Sharood and Dick Murphy from Mousam Ventures, join Gloucester Engineering as chairman and vice chairman. Carl S. Johnson will remain president and CEO of the new company. Gloucester expects to expand its range of technology and services in the polymer processing business to better serve its customers.