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.


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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

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