Canadian company Husky Injection Molding Systems is to acquire the closure mould manufacturer KTW, of Austria, with the sale expected to close in May 2011.
Husky and KTW have been working together for 14 years, and now as a single team expect to be able to deliver ‘more value to closure manufacturers in both emerging and established markets’, says John Galt, Husky’s President and CEO.
KTW’s Managing Directors Anja and Claus Ziegler will remain after the completion of the transaction.
KTW’s operations in Austria, the Czech Republic and Germany will become Husky’s closure mould development and manufacturing centres of excellence, and expect to gain the advantage of Husky’s extensive sales and service network.
In a related development, Husky is planning a strategic review process for KTW’s custom injection moulding division, Injectoplast, to avoid any potential conflict of interest with Husky’s customers.
