PCMC to be acquired by Barry-Wehmiller

21 June 2005


PCMC is to be acquired by Barry-Wehmiller Co for an undisclosed sum. The company's operating facilities will remain in Green Bay and retain the PCMC brand name.

"This move will ensure the long term viability of the company," says Rick Baer, president and ceo of PCMC. "By combining forces with Barry-Wehmiller, we will be able to compete more effectively in the global marketplace. We have identified synergistic opportunities in the sharing of technology, operational practices and resources to further strengthen PCMC."

PCMC is a leading manufacturer of flexo presses, tissue converting equipment, packaging machinery, non wovens machines and specialized converting equipment for a wide range of industries. It has more than 1,200 employees worldwide.

Barry-Wehmiller chairman and CEO Robert A Chapman reveals that the companies have been informally discussing joining forces for several years. "Rick Baer and I are in agreement about the concept of building a strong American business, serving a balance of industries, while building on the rich history of both companies," he affirms. "Over the years, PCMC has been credited with many industry 'firsts' that have significantly impacted converting technology. We plan to continue that tradition of innovation."

Barry-Wehmiller has three dominant areas of expertise: packaging automation equipment, corrugating and sheeting equipment, and IT and engineering consulting. The company has more than 2,800 employees worldwide.

The PCMC acquisition is the largest in the company's history. The combination of organic and acquisition growth is expected to increase its annual revenues to more than $750M for the first time.



Contacts

PCMC Tel: +1 920 494 5601 Barry-Wehmiller Tel: +1 312 862 8000




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