Husky Injection Molding Systems has announced its intention to acquire KTW of Waidhofen, Austria, recognized as a global leader in closure mould making. The sale is expected to close in May 2011. The announcement is said to represent the next logical step in the relationship that has developed between the two companies over the last 14 years.
Effective upon closing, Husky will offer KTW-branded closure moulds as part of its fully integrated turnkey systems. With the addition, the company will become the closure industry’s only provider of complete injection moulding systems, including mould, machine, hot runner, temperature controller, as well as a range of consulting and after-sales services.
The leadership team of KTW, including Managing Directors Anja and Claus Ziegler, will continue to be closely involved in leading the business after the completion of the transaction. In addition, the operations in Austria, the Czech Republic and Germany, will be Husky’s closure mould development and manufacturing centres of excellence.
Husky Injection Molding Systems is a leading global supplier of injection moulding equipment and services to the plastics industry. The company owns more than 40 service and sales offices, supporting customers in over 100 countries. Manufacturing facilities are located in Canada, the United States, Luxembourg and China.