Archive for ‘News’
Paper Machinery Corporation Becomes Employee-owned Company – Local company announces ESOP, leadership transition and continued growth in Milwaukee
Donald Baumgartner announced today that Paper Machinery Corporation, initiated an Employee Stock Ownership Plan (ESOP), making the Milwaukee-based company 100 percent employee owned.
Paper Machinery Corporation has 250 employees in Milwaukee and more than 3,000 installations worldwide. Its machines form paperboard cups and containers for brands like McDonald’s, KFC, Starbucks and Tim Hortons.
“This is great news for our employees and great news for Milwaukee,” said Donald Baumgartner, Founder of Paper Machinery Corporation. “The transition to employee ownership will ensure that Paper Machinery Corporation’s legacy will continue right here in Milwaukee for generations to come.”
Changes Ensure Future of Storied Local Company
Paper Machinery Corporation has been advancing forming technology for more than 60 years. The company’s rich history has roots with the Baumgartner family, which has been manufacturing machinery in Milwaukee since 1935.
From building machinery in the family garage to launching such notable Milwaukee manufacturing companies as Reliable Tool and Mercury Engineering, the Baumgartner family is engrained in Milwaukee’s manufacturing history.
Donald Baumgartner got his start working for his father. He went on to follow in his father’s footsteps, founding Paper Machinery Corporation in 1951. Paper Machinery Corporation is now a thriving, international company and remains committed to its Milwaukee roots. Every facet of the company’s engineering, manufacturing and service takes place at the company’s Milwaukee headquarters.
“We are deeply committed to Milwaukee and to our employees,” said Donald Baumgartner. “When the time came to transition ownership – the choice was clear. Who better to carry on our legacy and tradition than the people who made the business successful in the first place – our managers and employees.”
Over the years, Donald Baumgartner had seen too many companies where key employees were laid off after a company sale and the identity of the company was lost. And he had seen his father sell three companies that were later moved out of state. Donald Baumgartner learned his lesson from those experiences and knew that an ESOP was the best succession plan for Paper Machinery Corporation.
The company also remains committed to the family values on which it was founded. “This company is a family business,” said John Baumgartner, Donald’s son and former President of Paper Machinery Corporation, now serving on the company’s Board of Directors. “Our employees are our family, making a transition to an employee-owned company a natural fit.”
Leadership Transition Announced
The ownership announcement is accompanied by a leadership transition. While both Donald Baumgartner, and longtime company president, John Baumgartner, will continue to be significantly invested in Paper Machinery Corporation for many years to come, operational control is being transitioned to longtime managers Luca Dellomodarme, Scott Koehler and Michael Kazmierski. Additionally, Donald Baumgartner will continue to serve as Chairman of the Board of Directors, along with John Baumgartner and others, to ensure a successful future for Paper Machinery Corporation, its employees, customers and the broader Milwaukee community.
“Donald and John will continue to provide their significant leadership and vast experience as members of our Board of Directors, and will continue to be a great resource to company leadership,” said Scott Koehler, Chief Financial Officer and Treasurer of Paper Machinery Corporation. “As Luca, Michael and I step into enhanced leadership roles, we will remain committed, more than ever, to the legacy built by the Baumgartner family.”
Luca Dellomodarme joined Paper Machinery Corporation in 2003 and has been named Chief Executive Officer. Prior to joining Paper Machinery Corporation, he served in various engineering roles, including as Director of Engineering at International Paper. He received his Bachelor of Science in Mechanical Engineering from the University of Illinois and his Master of Business Administration from Northern Illinois University.
Scott Koehler joined Paper Machinery Corporation in 1992 and currently serves as Chief Financial Officer and Treasurer. Prior to joining Paper Machinery Corporation, he worked for Ernst & Young and the Wisconsin Department of Revenue. He received his Bachelor of Science in Economics and his Master of Science in Accounting from the University of Wisconsin – Madison.
Michael Kazmierski joined Paper Machinery Corporation in 1974 and currently serves as Senior Vice President – Sales. He started his career as a draftsman and was promoted to Sales Manager in 1986. In 1992, he became Vice President – Sales and Service and was named Senior Vice President – Sales in 2013
About the Transaction
Foley & Lardner LLP acted as legal counsel to the company and its shareholders in connection with the transaction, and Chartwell Financial Advisory, Inc. acted as financial advisor. Financing for the transaction was provided by JPMorgan Chase Bank, N.A. and Cyprium Investment Partners, LLC.
About ESOPS
An Employee Stock Ownership Plan (ESOP) is a federally regulated retirement plan that invests in the stock of an employer on behalf of its employees. Under the plan, eligible employees will earn shares of Paper Machinery Corporation stock over time. Click here for a visual guide to employee ownership from the National Center for Employee Ownership (NCEO).
About Paper Machinery Corporation
Paper Machinery Corporation is the world’s leading source of forming machines for paperboard cups, canisters, and custom packages. PMC manufactures dependable, high quality cup and container forming machines for converters and manufacturers and has more than 2,500 installations worldwide. PMC’s corporate headquarters and manufacturing facility is located in Milwaukee, Wisconsin. This facility houses engineering departments and machining centers, as well as full machine assembly and testing centers. For more information call Donna Lehto at 414-362-8231.
To learn more about PMC’s fast, productive, flexible line of container forming machines, contact Donna Lehto our Marketing Administrator at Sales@papermc.com. To contact a specific sales team member via direct line or e-mail connect to the contacts page.
Paper Machinery Corporation will exhibit at the 2016 Fispal Tecnologia in São Paulo, Brazil
Paper Machinery Corporation announced that they will exhibit at Fispal Tecnologia trade show, June 14 – 17. PMC’s booth, 174 I, is located in the PMMI International Pavilion, USA. The show takes place at Anhembi Pavilion in São Paulo, Brazil.
Paper Machinery Corporation is the world’s leading source of high performance forming machines for paper cups, paperboard canisters and custom paperboard packages. The PMC 1003, the company’s flagship model, has set the standard for the fastest, most efficient machine in the industry. Innovation and advanced technology are the hallmark of every PMC machine.
“We have many customers in Central and South American countries who are very important to us and this show is an excellent opportunity to meet with them as well as introduce Paper Machinery to new companies,” said Scott Eveland, PMC’s Vice President of International Sales.
Representatives of PMC will be on hand to discuss their line of cup and container forming machinery, which includes servo drive forming and over-wrap machines as well as high-speed die-cutting machinery. PMC’s booth will feature displays of hot and cold drink cups, innovative non-round containers, and award winning packages for a wide range of markets. Brochures, specification sheets and videos will also be available.
About Paper Machinery Corporation
Paper Machinery Corporation is the world’s leading source of forming machines for paperboard cups, canisters, and custom packages. PMC manufactures dependable, high quality cup and container forming machines for converters and manufacturers and has more than 2,500 installations worldwide. PMC’s corporate headquarters and manufacturing facility is located in Milwaukee, Wisconsin USA. This facility houses engineering departments and machining centers, as well as full machine assembly and testing centers. For more information, visit www.papermc.com or call Donna Lehto at 414-362-8231.
About Fispal Tecnologia, 2016
International tradeshow for processing, packaging, and logistics for the food and beverage industries is the largest and most complete event in the sector in Latin America, and in 2016, it reaches its 32nd edition with new business opportunities and content.
The stage for sector launches takes place in Brazil’s largest city, and it is the meeting point for qualified sector buyers in the food industry and beverage industries for the whole of Latin America.
- Fispal Tecnologia 2016 is the largest meeting place for food and beverage industries professionals from Latin America.
- Meet the biggest names in the global food and beverage industries
- More than 2,000 industry brands from 13 countries
- 91% of visitors would recommend Fispal Tecnologia to their colleagues
- If you are involved in productivity line of food and beverage industries, Fispal Tecnologia is the must-attend event for you
Paper Machinery Corporation Introduces Fastest Paper Cup Forming Machine – The PMC 1003
Paper Machinery Corporation today announced that it will introduce the highest speed paper cup forming machine in history at Pack Expo International, Nov. 2-5, in Chicago. The PMC 1003, which can form up to 330 cups per minute, will meet the needs of high-volume paper cup and container converters providing greater efficiency and reduced production costs.
Building on the legacy of the PMC 1002, the PMC 1003 combines the robust PMC cam drive with technological advancements to establish a new speed benchmark. Next generation integration of servo and cam technology leads to reduced inertia for faster, more efficient production.
“Speed means everything in today’s global economy,” stated Mike Hansen, PMC’s vice president of packaging. “The new PMC 1003 allows converters to complete large capacity runs faster so they can meet production schedules that are becoming more compressed.”
Its range and versatility allow the PMC 1003 to form cups and containers from 3 oz. to 32 oz. “Today’s markets are truly global and require a wide variety of configurations in cups and containers,” said John Baumgartner, president of PMC. “The PMC 1003 forms tapered paperboard or plastic cups and containers for food and beverage, snacks, and frozen dessert categories.”
Fast, productive, operator-friendly, the new PMC 1003 gives converters the essential speed and agility needed in this competitive economy. It can be seen in operation at booth S1608 at Pack Expo International.
About Paper Machinery Corporation
Paper Machinery Corporation is the world’s leading source of forming machines for paperboard cups, canisters, and custom packages. PMC manufactures dependable, high quality cup and container forming machines for converters and manufacturers and has more than 2,500 installations worldwide. PMC’s corporate headquarters and manufacturing facility is located in Milwaukee, Wisconsin. This facility houses engineering departments and machining centers, as well as full machine assembly and testing centers. For more information, visit www.papermc.com or call Donna Lehto at 414-362-8231.
Paper Machinery Corporation Features The Servo-Drive Pmc 2000s Forming Machine At Interpack 2014
Paper Machinery Corporation Features The Servo-Drive Pmc 2000s Forming Machine At Interpack 2014 – Booth 11/C56
Milwaukee, WI – March 31, 2014
Paper Machinery Corporation is demonstrating the PMC 2000S servo-driven paper cup and container forming machine at Interpack Processes and Packaging exhibition in Dusseldorf, Germany May 8 – 14. The PMC 2000S will form 22-ounce paper drinking cups at 200 cups per minute.
The PMC 2000S is servo-driven, offering flexibility and fast changeovers while producing a wide variety of container sizes and shapes to meet customer demands for a cost-effective forming machine. The machine running at the show is an FHA model that features the PMC patented electric hot-air, heat-seal system for the most dependable bottom and side seals.
Building on the company’s legacy of innovation, the PMC 2000S replaces mechanical drive and cams with servo control at all forming stages. Independent servo-motors control different axis, which are synchronized with a central motion control platform. A viewing window has been installed on the electric panel of the machine to showcase the servo-drive control technology.
“The speed of the tooling changeovers has created great interest in this machine,” stated Scott Eveland, PMC’s vice president of international sales. “PMC’s servo forming machines are a great choice for a flexible production environment. Existing users of the PMC 2000S have benefited from the ability to change tools in one shift.”
In addition to demonstrating the machine in action, PMC’s booth will feature displays of hot and cold drink cups, innovative non-round containers, and award winning packages for a wide range of markets.
About Paper Machinery Corporation
Paper Machinery Corporation is the world’s leading source of forming machines for paperboard cups, canisters, and custom packages. PMC manufactures dependable, high quality cup and container forming machines for converters and manufacturers and has more than 2,500 installations worldwide. PMC’s corporate headquarters and manufacturing facility is located in Milwaukee, Wisconsin. This facility houses engineering departments and machining centers, as well as full machine assembly and testing centers. For more information, visit www.papermc.com or call Donna Lehto at 414-362-8231.
Paper Machinery Corporation Will Exhibit At Expo Pack Mexico 2013
Paper Machinery Corporation Will Exhibit At Expo Pack Mexico 2013 – Booth 1832
Milwaukee, WI – March 15, 2013
Paper Machinery Corporation will exhibit at EXPO PACK México 2013, June 18 – 21. PMC’s booth, 1832, is located in the PMMI International Pavilion, USA. The show takes place at Centro Banamex in Mexico City, Mexico.
“We have many customers in Central and South American countries who are very important to us and this show is an ideal opportunity to meet with them as well as new companies,” said Scott Eveland, PMC’s Vice President of International Sales.
Building on the company’s legacy of innovation, representatives of PMC will be on hand to communicate the theme A Revolution in Technology. PMC’s philosophy is based on building innovation and advanced technology into every machine they make. The PMC 1002, the company’s flagship model, has set the standard for the fastest, most efficient machine in the industry.
PMC leads the cup and container forming industry with servo drive forming and over-wrap machines as well as high speed die-cutting machinery.
“The servo technology and streamline tool sets on our PMC 2000S model allow tool changeovers in less than a single shift,” stated Mike Hansen, PMC’s Vice President of Packaging. “This makes PMC’s servo forming machines ideal for a flexible production environment.”
PMC’s booth will feature displays of hot and cold drink cups, innovative non-round containers, and award winning packages for a wide range of markets. Brochures, specification sheets and videos will also be available.
About EXPO PACK Mexico 2013
25,000 customers/buyers from over 40 countries will attend EXPO PACK México 2013.
Packaging professionals from all major Mexican States attend the event and in 2012, buying groups from Costa Rica and Guatemala attended. Attendees include packaging and processing professionals from a wide range of industries, including food, beverage, pharmaceutical, personal care, graphic arts, chemical, electronics, textiles and automotive. PMMI organizes and manages EXPO PACK México. PMMI is a trade association of 600-plus member companies that manufacture packaging, processing and related converting machinery in North America; machinery components and packaging containers and materials. PMMI’s vision is to be the leading global resource for packaging, and its mission is to improve and promote members’ abilities to meet the needs of their customers.
Paper Machinery Corporation Wins 2012 “Top Work Place” Award
The Journal Sentinel selected 100 Southeastern Wisconsin companies for this award based on comments from employees
Milwaukee, WI – May 23, 2012
Paper Machinery Corporation won the Milwaukee Journal Sentinel’s “Top Work Place” Award for the third straight year, taking one of the top 100 positions in 2012 and 2010 and one of 20 honorable mentions in 2011.
“This award means a lot because our employees were surveyed and their responses about how they feel about working for Paper Machinery Corporation is what won this award,” stated John Baumgartner, President of Paper Machinery Corporation
The Journal Sentinel teamed with Philadelphia’s WorkplaceDynamics to survey companies’ employees and analyze the data. Results are based on statements of how employees feel about their workplaces. “Paper Machinery allows me to always try and improve things, and they are always open to listening. Also, they are very good to their employees which makes it easy to come to work everyday,” was among the statements from PMC employees.
Alan Schmidt, PMC’s Human Resources Director said, “PMC welcomes highly motivated, quality conscious individuals to our team. The company encourages employees to pursue a balanced life, fosters a strong sense of participation, and values mutual respect and the opportunity to achieve and advance.” PMC is known for mutual loyalty between employee and employer.