In an effort to ensure its long-term viability, equipment supplier Paper Converting Machine Company, Green Bay, WI, has signed of letter of intent to be acquired by Barry-Wehmiller Companies, f St. Louis, MO. "By combining forces with Barry-Wehmiller, we will be able to compete more effectively in the global marketplace,” said Frederick Baer, PCMC president and CEO. The company's operating facilities will remain in Green Bay and retain the PCMC brand name.
PCMC is considered a world leader in the manufacture of tissue converting equipment, packaging machinery, flexographic printing presses, nonwovens machinery and specialized converting machinery for a wide range of industries. It has more than 1200 employees worldwide. The PCMC acquisition is the 31st for Barry-Wehmiller since 1987, and the largest in the firm’s history. The combination of organic and acquisition growth is expected to increase annual revenues to more than $750-milion for the first time in the company’s 120 year history, with almost $200-million of that in global markets.