Goss International CEO Rick Nichols Announces Transformation of Company
Goss International France has entered insolvency proceedings via a judicial reorganization process. Goss International Corporation and its subsidiaries outside France are not affected by this procedure and continue to operate as normal, while strong support has been put in place for customer orders already in motion in France.
Third, Goss will continue to diversify its product portfolio to drive revenues in markets where the company’s technology and engineering expertise give it a competitive edge. Goss has already made significant inroads into the multi-billion dollar packaging market and will continue to target growth in this industry. The company will also examine other industries where it has an inbuilt competitive edge thanks to its technological expertise.
“Packaging is an attractive industry where Goss’ technology gives it a competitive advantage,” continued Nichols. “I’m pleased that we’ve already made inroads into this market with our Vpak products, but we will be expanding more aggressively in this sector as well as researching and entering other new markets where we hold a competitive advantage.
“This transformation of the company and refocus on growth is critical for the future of our business. Goss has been through a decade of change, but I am confident we are near the end of that period. We have had to take some very difficult decisions but these were absolutely necessary in light of the facts. Goss has a bright future ahead of it and I look forward to continuing to lead the company toward sustainable growth.”
For more information, visit www.gossinternational.com.