Reifenhäuser buys Italian winder maker Nuova Protex

By Bill Bregar
Senior Staff Reporter

Published: June 11, 2013 12:39 pm ET
Updated: June 13, 2013 9:33 am ET

Related to this story

Topics Mergers & Acquisitions, Machinery
Companies & Associations Reifenhauser Inc.

Reifenhäuser GmbH & Co. KG Maschinenfabrik purchased Italian winder manufacturer Nuova Protex srl on June 1, after 25 years of the two companies working together.

Nuova Protex, based in Sumirago, Italy, specializes in take-up winding systems for synthetic fibers such as monofilaments, multifilaments, raffia fiber, flat tape and strapping tape.

The Italian company will operate under the name Reimotec Winding Technology, as part of Reifanhäuser's Reimotec business unit. The move completes the Reimotec product range of monofilament, fibers for artificial turf and strapping tape.

Pino Manieri, managing director of Nuova Protex, will retain his position. A Reifenhäuser spokesman said the company will “not only continue to run Nuova Protex’s factory in Sumirago with all of its employees, but is targeting at expanding in order to grow.”

Terms of the deal were not disclosed.

Reifenhäuser is based in Troisdorf, Germany.


Comments

Reifenhäuser buys Italian winder maker Nuova Protex

By Bill Bregar
Senior Staff Reporter

Published: June 11, 2013 12:39 pm ET
Updated: June 13, 2013 9:33 am ET

Post Your Comments


Back to story


More stories

Image

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Image

Munson Machinery expanding assembly, testing operations

July 22, 2014 2:02 pm ET

Munson Machinery Co. Inc. is expanding its headquarters factory by about one-third in Utica, N.Y., where the company makes mixing, blending and size-...    More

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of...    More

Image

Windmöller & Hölscher looking to continued growth in China

July 21, 2014 3:40 pm ET

With 2013 global sales of 600 million euros, China has grown into an important export market for Windmöller & Hölscher KG, second only to the United...    More

Image

Huhtamäki to evaluate its films business

July 21, 2014 9:52 am ET

Finland-based plastics packaging group, Huhtamäki Oyj, has announced that it is evaluating its options regarding its films business, due to its growin...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

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

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

More Events