Goss International has announced its 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, expected to close within the next 60 to 90 days, will strengthen Goss’ position as a global 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.
“Goss is looking forward to the next phase of its journey under new ownership,” said Rick Nichols, CEO, Goss International.
“AIP is a like-minded, forward-thinking organization that will continue to support our culture of innovation and customer collaboration. Our previous owners, SEC, will now refocus on their core business interests.”
AIP is a private equity firm with a 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.