Moeller acquires molding oven

Author:
Updated:
Original:

Moeller Marine Products of Sparta, Tenn., purchased a Ferry 430 four-arm roto-oven to manufacture larger capacity fuel tanks and other rotationally molded products.

“Rotational molding is our core competency and that’s where we plan to focus our growth” senior vice president Bob Beagle said in a statement.

“This investment also supports our plan to expand our market platforms,” he added.

Click here for the complete release.

Related

Ferretti Group drops IPO

The company said the stock valuation was too low and that it will hold another IPO after it shows the “markets what we are worth,” according to CEO Alberto Galassi.