Gloucester Engineering Co. Inc. has acquired Pearl Technologies Inc. of Savannah, New York. Pearl engineers and manufactures consumable parts for converting and extrusion capital equipment that improve performance and reduce operating costs. GEC is a leading designer and manufacturer of advanced engineered equipment for the plastic extrusion industry.
technologies complement those of GEC and
ensure the combined company will continue to build innovative systems and
provide superior aftermarket support for GEC’s significant global installed
base, estimated to consist of more than $2 billion in operating assets.
Steele, CEO of Gloucester Engineering says, "We are excited to have Bob
Tewksbury and the entire Pearl team join Gloucester. Over the past 27 years,
Pearl has produced innovative and successful products that simultaneously
improve performance and reduce maintenance costs of converting and extrusion
capital equipment. Pearl has
consistently led with technically superior products and provided excellent
service through its focus on design, engineering, customer service and product
quality. Pearl’s products accelerate our
growth in attractive aftermarket segments and extends GEC’s product reach
further into converting, all of which will result in a more expansive product
offering and improved customer service.
GEC is focused on innovation and product leadership and will continue to
target companies, like Pearl, that have strong positions in attractive segments
of the market. Customers that want to enhance their business through innovation
will look to Gloucester Engineering and Pearl as important partners that can
provide them with higher yields, lower costs, increased revenue, and greater
Engineering Co. Inc.