Oerlikon acquiring INglass in hot-runner deal
InGlass
Swiss manufacturing giant OC Oerlikon Corp. AG is acquiring hot-runner maker INglass SpA of Italy for an undisclosed price.
In an April 23 news release, officials with Oerlikon in Pfaeffikon, Switzerland, said that INglass and its HRSflow division are market leaders in hot-runner systems. They added that INglass s technology is highly complementary to Oerlikon s existing capabilities in polymer flow control and will expand Oerlikon s market access.
Oerlikon officials also said that the acquisition, which is expected to be completed in the second quarter, accelerates Oerlikon s strategy in diversifying its man-made fibers business to expand into the high-growth polymer processing solution market.