Sale of Goss International and its subsidiaries to American Industrial Partners has been completed.

The companies announced that the private equity firm completed its acquisition from Shanghai Electric Corporation on September 18.

Goss chief executive Rick Nichols says AIP is "a like-minded, forward-thinking organisation.

"We are excited to leverage their industry, operational and financial expertise to support our culture of innovation and customer collaboration. In partnership with AIP, we look forward to building on our market leading position and executing a strategic growth plan focused on providing our highly-valued customer base with the highest-quality portfolio of innovative products and aftermarket parts, services and enhancements."

AIP has a history of buying industrial businesses and driving growth. The firm's Rick Hoffman says Goss is differentiated "by its printing process knowledge, engineering expertise, high-tech industrial manufacturing capabilities and ability to execute and support large-scale capital equipment projects.

"Working alongside an exceptional management team at Goss, we look forward to executing identified growth initiatives and driving operational efficiencies at the company to further differentiate Goss from its competitors," added AIP's Sparsh Bhargava.