July 31st, 2015 – Goss International today announced that parent company, Shanghai Electric Corporation (SEC), has entered into a definitive agreement to sell Goss International and its subsidiaries to American Industrial Partners (AIP). The agreement forms part of a broader strategy to further strengthen Goss’ position as the world’s leading web-offset printing press supplier.
With its broad portfolio of investments, including past and current holdings in printing machinery manufacturers, AIP proved to be the clear choice for ownership of Goss, upholding the company’s current standards as a customer-focused, technology-driven market leader.
The AIP transaction is subject to successfully achieving appropriate regulatory approvals and meeting certain closing conditions. It is expected to close within the next 60 to 90 days.
With over a billion dollars of equity capital under management currently, AIP is an operationally-oriented private equity firm with an unparalleled track record of successful investments in North American based industrial businesses that serve global markets. The printing industry is not new to AIP as the company has previously owned Day International and Mark Andy, and Presstek is currently a part of its portfolio of companies.”
Source: Company Press Release
