Recycling equipment maker NGR acquires majority stake in Dr. Collin

By Bill Bregar
Senior Staff Reporter

Published: February 28, 2014 2:34 pm ET
Updated: February 28, 2014 2:37 pm ET

Related to this story

Topics Mergers & Acquisitions, Recycling, Machinery

NGR Next Generation Recyclingmaschinen GmbH has acquired a majority stake in German specialty machinery maker Dr. Collin GmbH.

Dr. Collin produces a wide range of equipment, including laboratory and pilot-scale equipment for extrusion.

NGR, based in Feldkirchen, Austria, makes recycling equipment. Dr. Collin is in Ebersberg, Germany.

“If you look at the product lifecycle of plastic scrap, NRG has always been active in supporting the stages of product manufacture and recycling,” NGR CEO Josef Hochreiter said in a news release. “With the expertise of Collin we are expanding our capabilities in product design — an important stage in exploiting the full potential of plastics — and pointing the way toward effective use of finite resources.”

Terms of the deal were not disclosed.

The two companies will continue to operate independently. Heinrich Collin — the “Dr.” in Dr. Collin GmbH — will retain a minority interest. He will provide support to the company and his successor, Friedrich Kastner, who is the new CEO of Dr. Collin.

Dr. Collin’s product line includes pilot blown film lines, stretching lines that do machine-direction orientation (MDO) and transverse-direction orientation (TDO), equipment for spinning filaments, bench-top roll mills and film testing devices, twin-screw kneaders, pelletizers, pipe and extrusion lines for pipe, tubing and medical catheters.

According to Dr. Collin’s website, the company, founded in 1972, also has developed technology to produce specialty films for electronic and battery applications, as well as optical films for monitor screens.

Combined, NGR and Dr. Collins have more than 220 employees.


Comments

Recycling equipment maker NGR acquires majority stake in Dr. Collin

By Bill Bregar
Senior Staff Reporter

Published: February 28, 2014 2:34 pm ET
Updated: February 28, 2014 2:37 pm ET

Post Your Comments


Back to story


More stories

Image

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

PetStar doubles capacity at Mexico recycling facility

July 24, 2014 2:10 pm ET

Mexican recycling giant PetStar SAPI de CV, owned by the System of Coca-Cola Bottlers in Mexico, has doubled the capacity of its facility to 130...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC, a...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

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

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

More Events