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(Plastics Today) -- Macro Engineering
& Technology Inc. (Mississauga, ON) has been sold by its shareholders to DXS
International Enterprises Inc., a Canadian corporation owned by the publicly
traded Chinese company, Dalian Rubber & Plastics Machinery Co. Ltd.
Macro, which was founded in 1978, supplies systems, components, and
services to the plastic film and sheet industries. Dalian Rubber & Plastics
Machinery, which trades on the Shanghai stock exchange, manufactures blown film
extruders, calendar systems, and pelletizing lines, selling into China and
exporting.
In a release, Macro said that it will continue to operate autonomously
and will retain its key management personnel and operational structure. The
company also said that its acquisition will allow it to accelerate a previously
planned expansion of its Canadian manufacturing and R&D facility in
Mississauga that was already underway.
mrcplast.com
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