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Topics Mergers & Acquisitions Machinery Molds/Tooling
Companies & Associations
WICHITA, KAN. (Dec. 12, 3:20 p.m. ET) — Germany-based Reifenhäuser Group, which makes screw and barrels at its Reiloy Metall GmbH division, has purchased Westland Corp. of
Terms were not disclosed.
Effective immediately, the company is part of the Reifenhäuser Group, under the name Reiloy Westland Corp, as an independent unit of Reiloy Metall. Larson will continue to run the business as president of Reiloy Westland, remaining in
The two companies have worked together for seven years, when
Interviewed by phone, Larson said
Larson said joining the German company makes sense, given their past working relationship.
“We can now supply the
Thomas Porstner, head of the Reiloy global business unit, called the two companies “the perfect match.” In
Reifenhäuser Group, a third-generation family-owned business now run by brothers Bernd, Klaus and Ulrich Reifenhäuser, has six business units, including blown and cast film and extrusion coating lines, sheet lines, machines to make strapping tapes and machines for the nonwoven industry. The company was founded in 1911.
Larson became part owner in 1993. He took over managing the company in 1998 and later became president and sole owner.
The deal for