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

RPC Group buying Iceland's Promens

November 27, 2014 8:46 am ET

In a major acquisition that combines two rigid packaging companies with international footprints, RPC Group plc has signed a 399 million euro ($497...    More

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

SPI hopes to build on EPS recycling

November 26, 2014 6:00 am ET

Successfully recycling expanded polystyrene can be a challenge, there's no doubt about that. EPS, however, has value, is in demand and deserves to be ...    More

Image

Pan-European plastics recycling show scheduled for 2015

November 26, 2014 6:00 am ET

Europe is to get its first pan-European exhibition and conference aimed at the region's plastics recycling industry next year.    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteo...    More

Market Reports

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

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 billion 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

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