Promotion at Barry-Wehmiller to aid international expansion

Jeffrey S. Hanson has been promoted to the position of vice-president of international finance at Barry-Wehmiller.

Barry-Wehmiller is a diversified global supplier of engineering consulting and manufacturing technology for packaging, corrugating and paper converting across a broad spectrum of industries. Its activities include: Accraply, a manufacturer of automatic labeling, and label converting and finishing systems; MarquipWardUnited, a manufacturer of equipment for the corrugated and folding carton industries; and Paper Converting Machine Company, which provides high-performance converting machinery for the global tissue, nonwovens, package printing and envelope manufacturing industries.

As vice-president of international finance, Hanson is responsible for leading Barry-Wehmiller’s international trade financing team, with oversight of international treasury management and management of all foreign exchange transactions, and oversight of European statutory accounting requirements.

Currently, about 35 percent of Barry-Wehmiller’s revenue is from international sales. The company predicts that number will grow to 50 percent in the next five years.

Hanson joined Barry-Wehmiller in 2006 as the director of international finance. Since that time, he has completed more than US$100 million in trade financing transactions for the company.

Fluent in both Spanish and Chinese, Hanson has more than 25 years of international business and finance experience, having held positions in Europe, Asia and Latin America.

Hanson will continue to work from his office at Barry-Wehmiller subsidiary Thiele Technologies in Minneapolis, Minnesota.

Robert H. Chapman, chairman and chief executive officer of Barry-Wehmiller Companies, said: ‘Jeff’s achievements in creating a financial structure to support our strategic initiatives internationally have added significantly to our global development. Through his leadership, Barry-Wehmiller is poised to substantially grow its international presence.’

‘Jeff’s knowledge in providing international trade products and services has allowed us to realize considerable expansion, both organically and through acquisitions, in Europe, the Middle East and the Pacific Rim,’ added Jim Lawson, Barry-Wehmiller vice-president and chief financial officer. ‘His accomplishments throughout the last seven years demonstrate that he is a vital member of our corporate finance team.’

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