Mexican film and sheet extruder Grupo Rema buys 4 new monolayer PP sheet lines at US6 mln

03-Apr-12

Gloucester Engineering Co. Inc. announced a spend of over US$6 mln by film and sheet extruder Grupo Rema of Leon, Mexico, on four new monolayer polypropylene sheet lines to be installed at a new factory in Nogales, Mexico. “Our goal is to continue to penetrate the North American market and Gloucester Engineering’s products and service will help us achieve that,” said Rodrigo Reyes, operations director. Gloucester also is on the hunt for bolt-on acquisitions, said Michael Ranson, chairman of the board for Gloucester and partner with Blue Wolf Capital Partners LLC in New York. Blue Wolf owns Gloucester.