Italian plastics equipment major Negri Bossi may "bring significant manufacturing of injection molding machines back to the United States" following its acquisition by a U.S.-based equipment firm.

Sacmi Group announced April 11 that it had sold its plastics division to Kingsbury Corp., a machinery firm based in Rush, N.Y. Private equity firm Ausable Capital Partners LLC of Santa Monica, Calif., also bought a stake.

Read more

Source: http://www.plasticsnews.com