Shanghai Electric Completes Goss Buy-InOctober 2, 2009
BOLINGBROOK, IL—Shanghai Electric (SEC) is now the second-largest shareholder in Goss International, having completed the deal set in motion last June. Jochen Meissner, CEO of Goss, believes the investment "should send a strong signal to printers and publishers regarding our strength, stability and long-term capacity to deliver value." SEC is one of the largest equipment manufacturing groups in China. SEC subsidiary Shanghai Printing and Packaging Machinery (SPPM) manufactures a wide range of printing press and finishing equipment.