NEWS
Platinum Equity acquires HC Companies in US
In August investment firm Platinum Equity, whose portfolio includes injection moulding machine maker Husky Technologies, completed the acquisition of horticultural container manufacturer HC Companies in the US. Financial terms were not disclosed, but HC Compa- nies President and CEO Bob Mayer will continue with the business. Headquartered in
Twinsburg, Ohio, HC operates six manufacturing locations and distribution centres in the US and Canada. It produces plant- ers, pots, and accessories for the greenhouse, nursery and retail markets, including fibre and biobased solutions produced with post-consum-
Moldtecs’ new plant in China
HC has six manufacturing sites for horticultural containers
er and post-industrial recycled materials. Platinum Equity Manag-
ing Director Nick Fries, said: “We believe HC is an attractive platform for additional growth, both organically and through new acquisitions in adjacent product categories, seg-
ments, channels and geographies.” Platinum previously owned Orbit Irrigation, a manufacturer of smart watering technologies and other irrigation and garden products and grower supply goods. �
https://hc-companies.com
Automotive supplier Moldtecs, a partner of mobility company Amaneos, opened its first production plant for plastic components in Taicang, China, on 2 August. Mathieu Purrey, CEO of Amaneos, said: “We wanted to expand our successful cooperation with global OEMs in the Chinese market and at the same time expand our business with local OEMs in Taicang.” Apart from India, China is said to have the fastest growing automotive market in the world. Statistics show that the number of electric cars shipped from China to Germany more than tripled in the first quarter of 2023. �
https://moldtecs.com
Hella to build new sustainable HQ
Hella, the automotive supplier operating under the Forvia umbrella brand in which Faurecia took a majority stake last year, is to build a new complex at the
site of its current HQ in Lippstadt, Germany. Hella CEO Michel Favre said: “Our historic company headquarters undoubtedly has tradition. Nevertheless,
its infrastructure, buildings and premises no longer reflect what we stand for as an automotive supplier: technological strength and leadership in innovation. We
Hella’s current HQ in Lippstadt, Germany
therefore plan to build new headquarters that shows Lippstadt’s strong role in the global Forvia network [and] creates an attractive working environment for our employees as well as a new urban landmark for the city.” The site has a gross floor
area of 70,000 m² and will be constructed with the highest levels of sustainabil- ity in mind. It will be operated in a CO2
-neutral
manner and utilise features such as rainwater retention and green roofs. It will also benefit from the creation of a green campus. �
www.hella.com
8 INJECTION WORLD | September 2023
www.injectionworld.com
IMAGE: HELLA
IMAGE: HC
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