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

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

Automation firms join forces, look to automotive for future growth

October 24, 2014 2:43 pm ET

Hoping to ease the way for automation in some specialized areas of automotive plastics like laser cutting of door panels, a German robot maker and an ...    More

Image

German export sales strong, push for energy savings continues

October 24, 2014 12:34 pm ET

Germany is the engine that drives the European economy — and when it comes to the plastics industry, German machinery is a potent force, an...    More

Image

Arburg expands presence in China

October 24, 2014 11:34 am ET

German machinery maker Arburg GmbH + Co KG has expanded its office in Shenzhen, China, making it the company's first competence center for automation ...    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 Wood’s 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

More Events