Canada-based Husky Injection Molding Systems has entered into a definitive agreement to acquire Schöttli Group of Diessenhofen, Switzerland, a leading global company in medical and closure mould making.
Schöttli’s closures business complements Husky’s existing closures business by providing additional technology and capacity in both established and growing markets.
According to the company, Husky hot runner customers will benefit from product improvements based on strengthened knowledge, and existing Schöttli customers will have more streamlined access to Husky’s hot runner, controller and injection moulding machine products.
“Husky has enjoyed a strong and long-lasting relationship with Schöttli and we have long shared a mutual commitment to quality, technology innovation and customer satisfaction,” said John Galt, Husky’s president and CEO.
“Through this acquisition, we will be able to work with the many skilled people at Schöttli as one team to deliver more value to customers, particularly in the medical and closures markets.”
By bringing Husky and Schöttli together, customers will benefit from an enhanced level of technical expertise, additional capacity to increase speed to market, and improved responsiveness delivered by the industry’s largest global service and support network.
“By joining with Husky we are partnering with a like-minded industry leader to continue providing leading-edge technology,” said Thomas Anderegg, Schöttli president and CEO.
The sale is expected to close in early December 2013.
