Macro Engineering & Technology Inc. (Mississauga, ON) has been sold by its founder, Mirek Planeta, to DXS International Enterprises Inc., a Canadian corporation owned by the publicly traded Chinese company, Dalian Rubber & Plastics Machinery Co. Ltd. for $8.5 million. Macro, which was founded in 1978, supplies systems, components, and services to the plastic film and sheet industries. Dalian Rubber & Plastics Machinery, which trades on the Shanghai stock exchange, manufactures blown film extruders, calendar systems, and pelletizing lines, selling into China and exporting.
In a release, Macro said that it will continue to operate autonomously and will retain its key management personnel and operational structure, including Planeta. The company also said that its acquisition will allow it to accelerate a previously planned expansion of its Canadian manufacturing and R&D facility in Mississauga that was already underway....