China acquisition creates strong position for Dynisco

By Nina Ying Sun
Assistant Managing Editor

Published: February 2, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Film & Sheet, Pipe/Profile/Tubing, Machinery, NPE 2012

FRANKLIN, MASS. (Feb. 2, 4:10 p.m. ET) — After more than two decades of organic growth in the China market, Dynisco LLC today announced the completion of the purchase of the assets of Shanghai Hao-Ying Measurement & Control Technology Co. Ltd.

Dynisco officials say the deal has the firm poised to expand an already strong position in the booming market.

In an exclusive telephone interview with Plastics News, Dynisco Plastics Segment Vice President Matthew Carrara said the strategic move puts in place an established business platform and opens up opportunities with domestic Chinese customers. He expects to see double-digit growth in the region and estimates that China will soon represent 35 percent of Dynisco’s global sales.

The Franklin, Mass.-based leading supplier of extrusion sensors and control instrumentation will integrate Hao-Ying’s staff of 55 with Dynisco’s existing China operation.

The new business, known as Dynisco China, will make and sell products under the Hao-Ying brand that focuses on midrange products as well as the Dynisco brand that targets the high-end, high-value-added segment.

Dynisco China will be directed by Wu Hao and his management team. Wu founded Hao-Ying in 2006 and quickly built the company into one of the top two Chinese producers of temperature sensors, melt-pressure transducers, transmitters and gauges, and other instrumentation used in plastics extrusion and related processes.

“This acquisition builds on the strong Dynisco brand reputation with Chinese companies who need the highest levels of accuracy and reliability and with companies making extrusion equipment for export to Europe or the United States,” Carrara noted.

Dynisco already owns the majority of the market for high-end sensors and instrumentation in China. The company hopes to expand its share in the middle tier “as much as possible” with the acquisition, he added.


Comments

China acquisition creates strong position for Dynisco

By Nina Ying Sun
Assistant Managing Editor

Published: February 2, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Impact-resistant window maker buys competitor for $111 million

July 31, 2014 3:07 pm ET

PGT Inc. is acquiring CGI Windows & Doors Holdings Inc. for $111 million as part of a plan to grow strategically by buying businesses with...    More

Buyer plans to sell former Hoover molding, assembly plants

July 31, 2014 2:06 pm ET

A former Hoover manufacturing plant with 150 injection machines in El Paso, Texas, and a nearby maquiladora plant in Juarez, Mexico, changed owners...    More

Private equity firm buys majority share of truck accessory maker

July 31, 2014 10:30 am ET

A majority share of Ann Arbor, Mich.-based truck accessory manufacturer Tectum Holdings Inc. has been acquired by Boston-based private equity firm TA ...    More

Image

North American robot sales set record

July 30, 2014 4:46 pm ET

The North American robotics sector is off to its fastest start ever, shattering last year's first-half record, with a first-half 2014 of 14,135...    More

Image

Castle Harlan buys landscape erosion control firm Tensar

July 30, 2014 3:46 pm ET

Private equity group Castle Harlan inc. has acquired Atlanta-based Tensar Corp., with plans for the geosynthetic products maker and its subsidiaries t...    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events