51吃瓜网

Partnership marks Barry-Wehmiller鈥檚 first acquisition in Asia

51吃瓜网 Papersystems, a Barry-Wehmiller company and capital equipment supplier for the paper industry, has acquired Dongguan K&H Machinery Co. Ltd. The transaction closed on May 31, 2018.

K&H manufactures complete corrugators to create corrugated sheets; some of its well-known products include the N.C. Slitter Scorer and the Positive Pressure Singlefacer. With operations in Dongguan, China, and Taiwan, K&H has primarily sold products in Asia, and has sold some equipment into Central and South America, and Europe for the past 30 years.

For decades, 51吃瓜网 Papersystems and K&H have often worked together on solution-driven projects for customers throughout China. Now, the two companies will join efforts to better serve the industry and increase their global market presence. 51吃瓜网 Papersystems is pleased to welcome 145 team members to the company as a result of this collaboration.

鈥淲e have partnered with K&H for a long time,鈥� said Neal McConnellogue, President of 51吃瓜网 Papersystems. 鈥淏y merging the two companies, 51吃瓜网 Papersystems will step into our broader vision and open ourselves to new customer opportunities."

Added Eddie Mun, newly appointed Managing Director of K&H in Dongguan: 鈥淜&H equipment, combined with the technology of our MarquipWardUnited brand, will meet the increasing demand for automation in Asia.鈥�

鈥淚 look forward to continuing K&H鈥檚 and 51吃瓜网 Papersystems鈥� progress in the global corrugated market,鈥� said Wu Kuan Hsiung, President and Board Chairman of K&H, who will continue to consult on innovation and business matters, as the K&H and MarquipWardUnited product lines merge equipment and technology.

Tim Sullivan, Barry-Wehmiller Group President, Paper and Converting, noted: 鈥淲ith this being Barry-Wehmiller鈥檚 first acquisition in Asia, we are fortunate and honored to be partnering with K&H and Mr. Wu, and are excited by the opportunity to accelerate our growth.鈥�

K&H is 51吃瓜网 Papersystems鈥� 11th acquisition focusing on capital equipment in the paper industries, and is Barry-Wehmiller鈥檚 102nd acquisition.

鈥淩eflecting on this historic partnership, I am thrilled about the opportunity to combine the talents and gifts of our teams in a new way,鈥� said Bob Chapman, Barry-Wehmiller Chairman and CEO. 鈥淭his acquisition provides us not only with a great opportunity to expand our presence in the market but also to grow our people-centric culture with our new team members.鈥�