DAILY NEWS Feb 13, 2014 10:53 PM - 0 comments

Gloucester Engineering creates new operating divisions, consolidates TO's Future Design

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2014-02-13

In a move designed to better serve its customers, extrusion equipment maker Gloucester Engineering Corporation (GEC) is splitting into two divisions. 

The company’s new Lifetime Support Division will be focused on GEC’s aftermarket products and customer service, the Gloucester, Mass.-based company said in a statement, while the OEM Division will concentrate on the company’s line of traditional complete blown film, cast film, foam and sheet extrusion, bag making, and extrusion coating systems and equipment. 

Laurent Cros has been named president of the Lifetime Support Division, and also as president of Pearl Technologies Inc., a Savannah, N.Y.-based manufacturer of consumable parts for converting and extrusion capital equipment purchased by GEC in 2012. Long-term GEC veteran Carl Johnson will continue to serve as president of the OEM Division.

According to the GEC statement, the company will also be consolidating another previously acquired firm, Toronto-based blown film specialist Future Design Inc., into GEC’s Gloucester facility, a step that involves moving the manufacturing of all Future Design equipment out of Toronto. GEC bought Future Design in 2012. “Going forward, the Future Design product line will continue to be manufactured and supported by the team located at GEC’s flagship plant and there should be no disruptions to current orders or service levels,” the statement said.

In addition to the new divisions of the company, two new hires have been added to the GEC executive team. Rick Tattersfield has been named as CEO, and Bill Schmidt has been appointed as CFO.



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