Husky Injection Molding Systems Ltd has completed its previously-announced purchase of Schöttli Group of Diessenhofen, Switzerland, which specializes in medical and closure mold making. The seller in the non-disclosed transaction was European private equity firm CGS Management, which acquired a majority stake in Schöttli in 2008. Husky, a supplier of injection molding equipment and services to the plastics industry, said the deal would give it deeper knowledge in medical applications, and expertise to build melt delivery systems. The Bolton, Ont-based Husky is a portfolio company of OMERS Private Equity and Berkshire Partners. OMERS and Berkshire jointly bought the business from Onex Corp for $2.1 billion in 2011.
Husky completes acquisition of medical and closure mold maker Schöttli
BOLTON, Ontario – Husky Injection Molding Systems today announced the completion of the acquisition of the Schöttli Group of Diessenhofen, Switzerland, recognized as a global leader in medical and closure mold making.
With this acquisition, Husky will gain a deeper knowledge in the select medical applications that Schöttli focuses, as well as gain the expertise to build the strongest melt delivery system in the medical market. In addition, Schöttli complements Husky’s existing closures business and will extend the company’s presence in established and emerging markets.
“By leveraging each other’s strengths, we will have the opportunity to learn and grow our medical business, as well as build upon our strong closures business so that we can continue to provide customers with the industry’s best service and most innovative technology to produce the highest quality parts,” said John Galt, Husky’s President and CEO. “Our knowledge in PET preform molding has been gained through a detailed understanding of our customers’ needs at the tooling level. This similar approach was reflected in our purchase of KTW for closures, and now in the purchase of Schöttli for medical. We look forward to the advancements this development will bring to both our business and our customers.”
In May 2011, Husky formally acquired KTW of Waidhofen, Austria, recognized as a global leader in closure mold making. This acquisition has enabled Husky to become a global presence in the closures market and the largest supplier of injection molding equipment for beverage closure manufacturing.
About Husky — Husky Injection Molding Systems (www.husky.ca) is a leading global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky’s manufacturing facilities are located in Canada, the United States, Luxembourg, Austria and China.
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Photo courtesy of Husky Injection Molding Systems Ltd.