BW Papersystems Acquires Zerand
BW Papersystems, Phillips, Wisconsin, a Barry-Wehmiller company and capital equipment supplier for the paper industry, has acquired North American Cerutti Corp.s Zerand division from Officine Meccaniche Giovanni Cerutti S.p.A. The transaction is Barry-Wehmillers 94th acquisition. Fredericks Michael & Co. acted as exclusive financial advisor to Cerutti.
Zerand, based in New Berlin, Wisconsin, is a leading manufacturer of high-speed platen and rotary diecutting machinery for the print and converting industry. By adding Zerand into BW Papersystems, both manufacturers will strengthen their positions in the industry and expand their product offerings.
Zerand, which will be called BWP Zerand, will remain in New Berlin, and the team will work cooperatively with three other BW Papersystems facilities and team members in Wisconsin, as well as with other team members at locations internationally.
For more information, visit www.bwpapersystems.com.