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 polymer processing and surface solutions divisions.”