Pelletron Corporation Take Over CompletePelletron Corporation Take Over Complete
February 6, 2009
Pelletron Corp., a pioneer in de-dusting and pneumatic conveying technology, has announced the completion of the buy-out from its founder, Jerry Paulson.
Five years ago, Heinz Schneider was appointed as president and CEO, and Paul Wagner as vice president of Pelletron. Both executives took over 100% of the shares of the company. Schneider’s and Wagner’s global industry expertise in de-dusting and conveying technology, along with their global sales experience, was the start of the restructuring process. The goal was to aggressively grow the company in the plastics industry and expand its sales in Asia and Europe. Today, the company’s overseas sales exceed more than 50% of its total revenue.
Pelletron expanded in the field of pneumatic conveying and established a new component program, consisting of rotary and diverter valves. The company focused its sales in the plastics industry, but also expanded in the minerals, food, and pharmaceutical industries. Mid-term, the company goal is a continuous growth with stronger expansion in markets outside the plastics industry.
"We expect that Pelletron will grow significantly in other markets, creating new jobs in the U.S., and with our sophisticated products and solutions, we will help our customers improve their processing capabilities, resulting in better products," said Schneider. "We have already begun development of new Pelletron products lines that will be introduced later this year at the NPE show in Chicago."
Founded in 1986, Pelletron provides de-dusting solutions to manufacturers in an array of industries including plastics, automotive, medical, plastics, textiles, minerals, and food. With its patented DeDuster, the company has helped plastics manufacturing and processing companies around the world improve their production processes by separating contaminants from virgin and recycled materials before packaging or processing.
For more information, visit www.pelletroncorp.com.
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