Barry-Wehmiller announces acquisition of Salem, Ill.-based packaging and converting equipment manufacturer Stanford Products
Sandy Yang
ST. LOUIS
,
October 10, 2007
(press release)
–
Robert H. Chapman, Chairman and CEO of Barry-Wehmiller Companies, Inc., has announced the completion of its fifth acquisition this year with the addition of the business and assets of Stanford Products of Salem, Ill. The business will be integrated with Accraply, a Barry-Wehmiller division headquartered in Minneapolis, Minn., to create a nearly $50 million company in labeling technology with multiple locations in the U.S. and Canada.
For more than 60 years, Stanford Products has been a respected manufacturer of slitting, rewinding and inspection equipment for the packaging and converting industries. In addition, Stanford has a major position in machinery for the manufacture of shrink sleeve labels, which complements Accraply’s presence in this rapidly expanding market segment. “Combining the Stanford business with Accraply’s extensive capabilities will greatly enhance our position in the growing shrink sleeve label market and will expand our product offerings in both our new and traditional label and converter markets,” said Accraply President Greg Tschida. On behalf of Stanford, company President Seamus Lafferty said, “We are very excited about joining forces with Barry-Wehmiller and Accraply for the continued success of our combined businesses. The similarities in our approach to taking care of customers, and our respective desires to be market leaders is certain to create synergies and push us to higher levels of achievement.” The Stanford acquisition marks the 42nd acquisition for Barry-Wehmiller in the last 20 years and will result in annual revenues topping $1 billion for the first time in Barry-Wehmiller’s 122-year history. “With more than six decades of leadership in the label and converting industries, Stanford adds an important market segment to the wide range of technologies and markets served by Barry- Wehmiller,” Chapman stated. “Through a healthy combination of organic and acquisition growth, Barry-Wehmiller continues to strengthen the breadth of its products, markets and technology to create a long-term vision of a sustainable business with a vibrant position in the global marketplace.” A series of strategic acquisitions in 2007 added approximately $200 million in revenues but also reflected Barry-Wehmiller’s emphasis on greater participation in global markets. While Barry- Wehmiller has maintained a significant position in international markets since the early 1900s, new investments in Italy, England and China have combined to strengthen Barry-Wehmiller’s competitive position as a worldwide leader of equipment and services. ABOUT BARRY-WEHMILLER Barry-Wehmiller Companies, Inc. is a world-leading supplier of packaging, corrugating, and paper converting technology, as well as engineering consulting services, across a broad spectrum of industries. Barry-Wehmiller’s balanced and diversified approach to the market is made possible through 10 interactive divisions: Accraply, a leading manufacturer of automatic labeling systems; Barry-Wehmiller Company, manufacturing bottle washers and pasteurizers for more than 120 years; Barry-Wehmiller International Resources, a pioneer in the creation, development, and integration of advanced information technology and engineering solutions; Design Group, a premier supplier of manufacturing automation and engineering consulting services; FleetwoodGoldcoWyard, a leading producer of advanced conveyance technology and material handling equipment; HayssenSandiacre, a form/fill/seal technologies and services leader for more than 100 years; MarquipWardUnited, a leading manufacturer of equipment for the corrugated and folded carton industries; Paper Converting Machine Company (PCMC), providing advanced converting, printing, and packaging technologies for the tissue, nonwovens, and flexible packaging industries since 1919; PneumaticScaleAngelus, a global provider for filling, capping, can seaming, labeling, and centrifugation; and Thiele Technologies, a leading supplier of placing, bagging, cartoning, case packing, and palletizing equipment.
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