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Creating a new growth platform
Oerlikon signs agreement to acquire INglass, a global leader in high precision polymer flow control equipment, to accelerate expansion strategy in polymer processing market
INglass and its HRSflow Division is a market leader specialized in hot runner systems
Technology is highly complementary to Oerlikon s existing capabilities in polymer flow control and will expand Oerlikon s market access
Acquisition accelerates Oerlikon s strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solution market
Oerlikon renames Manmade Fibers Division to Polymer Processing Solutions
Acquisition is expected to be completed in the second quarter of 2021
Oerlikon Signs Agreement To Acquire High Precision Polymer Flow Control Equipment Supplier INglass textileworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from textileworld.com Daily Mail and Mail on Sunday newspapers.
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.
Oerlikon acquiring hot runner maker INglass
The deal also includes INglass s HRSflow division. April 23, 2021 Canadian Plastics
In a move that helps it expand into the polymer processing solution market, Swiss-based technology supplier Oerlikon is acquiring Italian hot runner maker INglass S.p.A. for an undisclosed price.
In an April 23 news release, officials with Oerlikon in Pfaeffikon, Switzerland, said that INglass and its HRSflow division are “highly complementary” to Oerlikon’s existing capabilities in polymer flow control and will expand the company’s market access.
“The acquisition of INglass accelerates our strategy to expand into markets with strong growth potential. It will broaden our OEM customer base in other industries and put our polymer processing business on an entirely new growth trajectory,” said Dr. Roland Fischer, Oerlikon Group CEO. “Additionally, we expect this acquisition to create further synergies between our