NEWS New majority investor for Stork
Injection moulding machine maker Stork Plastics Machinery is set to get a new owner as Hydratec Industries reaches an agreement with current owner Wadinko to take a 75% interest. Stork, which specialises in high-speed machines mainly for packaging, employs approximately150 people at its facilities in Hengelo, Netherlands and Meinerzhagen, Germany. The investment from
Hydratec alongside existing shareholder Wadinko will support the continued growth and development of Stork IMM’s business, said Stork. Netherlands-based
PHOTO: STORK
Stork’s high-speed Food-Line machines are designed for thin-wall packaging
Hydratec owns businesses in various industries, such as agri/food, automotive and health technology. In plastics, it owns injection moulding companies Helvoet and Timmerije. Stork said Hydratec is also set to take a 75% interest in plastic pipe extrusion machinery company
Rollepaal Holding. Bart Aangenendt, CEO at
Hydratec, said: ““This plan dovetails very well with Hydratec Industries’ growth ambitions. Both these machinery manufacturers have many years of experi- ence and are true specialists in their niche markets. This constitutes a major expan-
sion of Hydratec Industries’ systems activities.” Oscar de Gruijter, CEO at Stork IMM, said “Hy- dratec is a recognised technology leader in all its activities and the industry leading solu- tions offered by Stork IMM fit perfectly with this strategy. The acquisition by Hydratec, and the contin- ued support of Wadinko, heralds an exciting next chapter in the 50-year history of Stork IMM.” Stork IMM will continue
to operate as an independ- ent company and will retain its current brand and company logo. �
www.storkimm.com
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16. – 23. October Hall 13
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