Oerlikon (Pfaeffikon, Switzerland) has acquired INglass S.p.A. (Polo di Piave, Italy), including its HRSflow hot runner manufacturing business, in a deal the Swiss company says will accelerate the diversification of its manmade fibers business into plastics processing.
Oerlikon has a flow control components business, featuring gear metering pumps for textiles and other industries, including automotive, chemical and paint markets. HRSflow will be integrated into this existing business to form the Oerlikon Flow Control Solutions Business Unit, which is part of the Oerlikon Polymer Processing Solutions Division. That unit was formerly knows as the Manmade Fibers division. The deal is expected to close in the second quarter of 2021.