NEWS Nolato acquires GW Plastics
Swedish firm Nolato has agreed to acquire US-based medical injection moulding group GW Plastics for SEK 2bn (approximately $230m). Subject to US regulatory approvals, the transaction is expected to be completed in September. It is expected to give a marginal boost to Nolato’s earnings for the current year. “This acquisition provides us with significant volumes and a strong position on the key North American conti- nent,” said Nolato President and CEO Christer Wahlquist. “It supports relationships with existing customers, while also creating additional opportuni- ties for growth and expand- ing our customer base.”
IN BRIEF...
Switzerland’s Beck Automa- tion has broken ground and laid the foundation stone for its new building in Portugal. It is due to move in to the building in the spring of 2021. This will give the company an extra 2,800 m2 of space, accommodating over 60 employees.
www.beck-automation.com
KraussMaffei’s Austrian subsidiary is extending its sales cooperation with Luger Purkersdorf near Vienna to the firm’s eponymous brand of injection moulding machines, with effect from 1 September. Luger had hitherto distributed the Netstal brand and Krauss- Maffei extrusion products.
www.kraussmaffei.com
6 GW employs 1,100 people at seven facilities in three continents GW is headquartered in
Bethel, Vermont. It employs 1,100 employees at seven manufacturing plants in the US, Mexico, China and Ireland, which operate through a high-tech stand- ardised global manufactur- ing platform. It has annual sales of SEK 1.8bn (about
$200m) with an EBITA margin of around 7%. Medical devices account for about 80% of GW’s turnover and vehicle systems the remainder. They will be reported as part of Nolato’s Medical Solutions and Industrial Solutions business areas respectively. Nolato
itself is mainly active in medical technology, pharma- ceuticals, consumer electron- ics, telecoms, automotive and hygiene sectors. Wahlquist added: “GW Plastics is a well-managed, well-invested company that is a great fit with our corporate culture. The business, which has histori- cally demonstrated healthy organic growth, has exten- sive know-how in engineer- ing and technology. Together with its size and geographic presence, this provides an ideal strategic combination with Nolato and enables significant market synergies over time.” �
www.nolato.com �
www.gwplastics.com
Greiner’s not-so-hot pot
A noodle pot produced by Greiner for Nissin food group is injection moulded in heat-resistant PP copolymer and has design features to reduce heat further. The pot is tiered to create a cushion of air between cup
and cardboard wrap to decrease the temperature on the surface. Due to the tiered design, the cardboard sleeve is only in partial contact with the cup, so the sleeve doesn’t get as hot. The noodles sold by Spanish supermarket chain Mercadona have another packaging benefit – a perforated PP lid for the consumer to drain hot water once the noodles are cooked. �
www.greiner-gpi.com
Mocom emerges from Albis
Otto Krahn Group has completed the split of its distribution and compound- ing operations, which was first announced back in October 2019, with com- pounding now operating under the new Mocom name and distribution
INJECTION WORLD | September 2020
continuing under Albis. The compounding business is headed by CEO Ian Mills, formerly Chief Sales Officer within Albis. Mocom has three manufac- turing operations in Ger- many and production sites at Duncan in South Carolina
in the US and Changsu in China. The Albis distribution business will be headed by CEO Horst Klink, former Vice-President of Distribu- tion at Albis. It has 24 locations worldwide. �
www.albis.com �
www.mocom.eu
www.injectionworld.com
IMAGE: GW PLASTICS
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