{"id":25856,"date":"2021-04-27T09:53:00","date_gmt":"2021-04-27T07:53:00","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=25856"},"modified":"2021-04-26T13:57:35","modified_gmt":"2021-04-26T11:57:35","slug":"oerlikon-signs-agreement-to-acquire-inglass","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=25856","title":{"rendered":"Oerlikon signs agreement to acquire INglass"},"content":{"rendered":"<div class=\"content-sections\"><main><\/p>\n<article>\n<div class=\"section-article\">\n<div class=\"section-wrapper\">\n<div class=\"article-container\">\n<div class=\"content-container\"><time class=\"dateline primary\" datetime=\"2021-04-23T13:52:45+02:00\"><\/time><strong>Oerlikon, a leading provider of surface engineering, polymer processing and additive manufacturing, has announced that it has signed an agreement to acquire Italy-heaquartered INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business.<\/strong><\/p>\n<div class=\"content-wrapper\" data-share-text=\"Share quote\">\n<ul>\n<li>INglass and its HRSflow Division is a market leader specialized in hot runner systems<\/li>\n<li>Technology is highly complementary to Oerlikon\u2019s existing capabilities in polymer flow control and will expand Oerlikon\u2019s market access<\/li>\n<li>Acquisition accelerates Oerlikon\u2019s strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solution market<\/li>\n<li>Oerlikon renames \u2018Manmade Fibers\u2019 Division to \u2018Polymer Processing Solutions\u2019<\/li>\n<li>Acquisition is expected to be completed in the second quarter of 2021<\/li>\n<\/ul>\n<p>\u201cThe acquisition of INglass accelerates our strategy to expand into markets with strong growth potential. It will broaden our OEM customer base in other industries and put our polymer processing business on an entirely new growth trajectory,\u201d said Dr. Roland Fischer, Oerlikon Group CEO. \u201cAdditionally, we expect this aquisistion to create further synergies between our Polymer Processing and Surface Solutions Divisions.\u201d<\/p>\n<p>\u201cWith INglass, we are acquiring a leader in polymer flow control solutions with proven success in many markets,\u201d added Georg Stausberg, CEO of the Oerlikon Polymer Processing Solutions Division. \u201cOur combined know-how and expertise in polymer processing and melt distribution engineering, our global market presence and our well-established brands make a winning formula and will advance our goal to become a leading supplier for polymer processing in an attractive and growing component solutions market.\u201d<\/p>\n<p>The completion of the transaction is subject to customary regulatory approvals and closing conditions, and expected to take place in the second quarter of 2021.<\/p>\n<h5 class=\"h5\">INglass is a leader in automotive and expanding in other sectors<\/h5>\n<p>INglass S.p.A. is an internationally operating successful company established in 1987. Its product portfolio includes hot runners as well as engineering and consultancy services for the advanced development of polymer processing products. INglass\u2019 HRSflow hot runner systems are applied in multiple industries from automotive, consumer goods and household appliances to packaging, waste management, construction and transportation. INglass is headquartered in San Polo di Piave, Italy, near Venice. 2020 revenues of INglass were approximately CHF\u00a0135\u00a0million and the acquisition is expected to be immediately accretive to Oerlikon\u2019s margins and cash flows. INglass has more than 1\u00a0000 employees and 55 sites worldwide, including prodution plants in Italy, China and the US. HRSflow directly serves OEM customers in the automotive and other industries.<\/p>\n<h5 class=\"h5\">New business unit with strong growth potential<\/h5>\n<p>Oerlikon has a high precision flow control components business that currently offers a large selection of gear metering pumps for the textile and other industries, including the automotive, chemical and paint markets. HRSflow will be integrated into this existing business to form the Oerlikon Flow Control Solutions BusinessUnit, which is part of the Oerlikon Polymer Processing Solutions Division.<\/p>\n<p>\u201cWe firmly believe that within the Oerlikon Group we can further exploit the potential of our hot runner systems technology and, when combined with the capabilities of Oerlikon gear metering pumps and their melt distribution engineering competence, will position our business as one of the leading precision flow control specialists for multiple applications in a global growth market\u201d, said Antonio Bortuzzo, CEO of INglass S.p.A.<\/p>\n<p>Financing of the acquisition is ensured by existing credit facilities of OC Oerlikon.<\/p>\n<h5 class=\"h5\">About Oerlikon<\/h5>\n<p>Oerlikon (SIX: OERL) is a global innovation powerhouse for surface engineering, polymer processing and additive manufacturing. Its solutions and comprehensive services, together with its advanced materials, improve and maximize performance, function, design and sustainability of its customers\u2019 products and manufacturing processes in key industries. Pioneering technology for decades, everything the company invents and does is guided by its passion to support its customers\u2019 goals and foster a sustainable world. Headquartered in Pf\u00e4ffikon, Switzerland, the Group operates its business in two divisions \u2013 Surface Solutions and Polymer Processing Solutions. It has a global footprint of more than 10\u00a0600 employees at 179 locations in 37 countries and generated sales of CHF\u00a02.3\u00a0billion in 2020.<\/p>\n<h5 class=\"h5\">About INglass<\/h5>\n<p>INglass S.p.A. is an internationally operating successful company established in 1987. Its product portfolio includes hot runners as well as engineering and consultancy services for the advanced development of polymer processing products. INglass\u2019 HRSflow hot runner systems are applied in multiple industries from automotive, consumer goods and household appliances to packaging, waste management, construction and transportation. INglass is headquartered in San Polo di Piave, Italy, near Venice. 2020 revenues of INglass were approximately CHF\u00a0135\u00a0million. INglass has more than 1 000 employees and 55 sites worldwide, including production plants in Italy, China and the US. HRSflow directly serves OEM customers in the automotive business and other industries. www.inglass.it<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<p><\/main><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oerlikon, a leading provider of surface engineering, polymer processing and additive manufacturing, has announced that it has signed an agreement&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-25856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plas-tv-meldungen-auf-der-startseite-unterhalb-slider","category-plast-tv-textmeldungen"],"_links":{"self":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/25856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25856"}],"version-history":[{"count":1,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/25856\/revisions"}],"predecessor-version":[{"id":25858,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/25856\/revisions\/25858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/25857"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25856"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=25856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}