Greiner gets business, employees in acquisition

By Rhoda Miel
News Editor

Published: October 22, 2013 2:12 pm ET
Updated: October 22, 2013 2:15 pm ET

Related to this story

Topics Molds/Tooling, Dies, K 2013, Business News & Features

DÜSSELDORF, GERMANY — Greiner Tool.Tec (Hall 16/A57) has acquired the book of business and about six employees from extrusion die maker P-Extrusionstechnik GmbH.

All current contracts will be taken over by Greiner, and customers will have the option of continuing with the familiar equipment and staff from P-Extrusionstechnik in the future, said Heinrich Kaser, director of marketing and sales for Greiner during an interview at K 2013 in Düsseldorf.

P-Extrusionstechnik is the successor company to Politsch Kunstofftechnik GmbH, which entered insolvency earlier this year. The new investors decided not to continue the extrusion die business, Kaser said.

"This is a historic opportunity for both companies to bury the hatchet after years of competition and establish a partnership solution on a basis of quality," said Gerhard Ohler, CEO of Greiner Tool.Tec in a news release.

The deal, signed earlier this month, does not involve any patent information.

Much of the current business is in Eastern Europe, especially Russia. By hiring key employees in sales and service, customers will be able to continue working with contacts they already are comfortable with.

"Boosting customer business on all fronts is the absolute focus behind our thinking here," Ohler said.

Greiner will service both tooling and equipment for as long as customers wish, so they will not have to invest in new capital, Kaser said.

P-Extrusiontechnik founder Siegfried Politsch will be available to assist with the transition as needed.

The former Politsch business is located within 10 kilometers of Greiner's facility in Nussbach, Austria.


Comments

Greiner gets business, employees in acquisition

By Rhoda Miel
News Editor

Published: October 22, 2013 2:12 pm ET
Updated: October 22, 2013 2:15 pm ET

Post Your Comments


Back to story


More stories

Image

Milacron features multi-brand integration

October 27, 2014 1:36 pm ET

Fakuma 2014 gave Milacron LLC an ideal opportunity to show how its ever-growing portfolio of brands are working together in the injection molding...    More

Image

Synventive adding capacity in Europe

October 27, 2014 10:16 am ET

Hot runner maker Synventive Molding Solutions is planning to increase production capacity in Europe by 50 percent.    More

Blow mold maker adding laser cladding

October 24, 2014 10:26 am ET

Blow molds need to be strengthened at points that wear, and an official of Canadian blow mold maker Garrtech Inc. said laser cladding can replace...    More

Image

Hasco gets into augmented reality

October 17, 2014 6:00 am ET

Mold makers may be used to seeing cores and pins on the exhibition stand of a supplier — but not augmented reality that looks like it comes...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Woodís economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events