Saturday, May 12, 2012

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. Randy vice president of sales at said Apollo generated revenue ofabout $5 million last year and employxs 15 people. Lorenz said the acquisition of Apollo will closde late this month orearly July. He said Steve Brimble, who headsz MarquipWardUnited's sales division in Europe and will take on the additional role of managing directo for the newlyacquired company. "It's a smalol acquisition but it will enable us to expand our markets in Europe and the Middle Lorenz said. The acquisition of Apollo Sheeters is the second thata Barry-Wehmiller subsidiary has made this year.
In April, of Minneapolisd announced it signed a deal to purchasethe high-speedd beverage cartoning and packaging line of of Kiel, for an undisclosed amount. Barry-Wehmiller operates 10 business unitd in all and generated revenuseof $941 million last year compareds to $772 million in 2006. Last Barry-Wehmiller bought five companies, including of Salem, Ill., and Los Angeles-baseds Glenn Ostle, editorial director of Paperr 360, a trade publication that focuses on the paper and pulp said MarquipWardUnited efforts to expand its market overseassis timely. "Over the last 10 years, the pulp and paped market in the U.S. has matured" Ostle said.
"In some countrieas like China, it's growing and they need new machines. It's also growing in India and inSouthn America, especially Brazil, where a lot of paper comes

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