Black Clawson's Converting Machinery division has been acquired by a new company formed by its management team and investment partners, Hamilton Robinson. The new company - Black Clawson Converting Machinery Inc - will operate from its existing Fulton, New York location and has offered employment to all the workforce.
"The employees are very excited about this opportunity", states Mark Panozzo, president of the new company. "The relationship with Hamilton Robinson provides us with a strong financial foundation and access to additional capital for growth opportunities. The new company is ideally positioned and structured for continual improvement in all of its products and services."
Black Clawson Converting Machinery manufactures a wide range of equipment for the converting and plastics processing industries. Markets served include flexible packaging, adhesive coated tapes and labels, pre-coated convenience products, plastics films for consumer and industrial applications, imaging products, and plastics resin production.
More information from Patricia Carroll, Black Clawson Converting Machinery - FAX: +1 315 593 0396. EMAIL: carrollp@blackclawson-cm.com
