IPCO AB, wholly owned by FAM AB, has acquired web converting equipment manufacturer New Era Converting Machinery Inc.
IPCO is an industrial process solutions company with around 600 employees in 25 countries, which innovates, manufactures and services advanced high-performance processing equipment and steel belts, supported by a strong local sales and aftermarket presence.
Expanding IPCO’s presence in key industries
New Era is a web converting equipment design and manufacturing business, with two facilities in New Jersey, USA, and around 100 employees. Its technology platform of web handling, coating, laminating, embossing and calendering equipment expands IPCO’s presence in key industries, especially in sustainability-driven segments. It also complements IPCO’s double-belt press and film casting solutions.
The acquisition enables IPCO to become a turnkey provider of processing equipment, with a broad portfolio of presses, film casting and web handling solutions. It expects to leverage its strong sales and service & support capabilities in 25 countries to accelerate New Era’s growth.
Robert Hermans, CEO of IPCO, said, “The acquisition of New Era is a perfect strategic fit with IPCO’s business ambitions. It enhances our core offerings and introduces new dimensions to our double belt press and film casting capabilities, giving us the ability to offer turnkey solutions to our customers. This synergy will allow us to provide comprehensive and efficient web handling and calendering solutions on a global scale.”
Next step in New Era’s evolution
Paul Lembo, New Era EVP said: “Joining IPCO is the natural next step in New Era’s evolution as we secure the long-term future of our solutions, team and customers, and accelerate the growth of our business.”
Håkan Buskhe, IPCO Chairman and FAM CEO, commented: “In line with our long-term ownership strategy and our passion for continued development and innovation, the acquisition of New Era will help future-proof our business and strengthen the goal of profitable and sustainable growth.”