Unicor buys Canadian machine builder Adescor

Published: July 4, 2013 11:21 am ET
Updated: July 4, 2013 11:26 am ET

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Topics Mergers & Acquisitions Machinery K 2013
Companies & Associations

Unicor GmbH, German manufacturer of pipe corrugating equipment, is expanding its operations to North America through the acquisition of Adescor Inc.

Exeter, Ontario-based Adescor makes and distributes downstream equipment for corrugated pipe extrusion lines, including saws, cutters and bell in-line trimmers.

According to Unicor, Adescor’s key market has been North America, and the two companies have a history of working together on some projects.

Unicor’s Tony Kime will become president of Adescor. The previous president, Bill Kime, will retire but be available as a consultant for the company.

Unicor expects the deal will help it reach customers in North America, by giving the company a base with which it can offer local service and support .

“As of now, we will add the Adescor-program to the Unicor range of products and offer them worldwide. Unicor’s managing director Klaus Kaufmann said in a news release.

Unicor will present the Adescor product line at its exhibition stand at the K show in Dusseldorf, Germany.

GAW Group Pildner-Steinburg Holding, a family-run industrial holding company based in Graz, Austria, bought Unicor in October.

 


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Unicor buys Canadian machine builder Adescor

Published: July 4, 2013 11:21 am ET
Updated: July 4, 2013 11:26 am ET

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