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Topics Mergers & Acquisitions, Packaging, Injection molds, Thermoforming molds, Molds/Tooling
Haidlmair GmbH of Nussbach, Austria, has bought out the 50 percent share in Mould & Matic Solutions GmbH, a maker of injection molds, blow molding machines and tooling and downstream equipment for thermoforming, from partner Greiner Packaging International GmbH.
Haidlmair and Greiner — neighbors in the plastics-intense region in upper Austria — had co-owned Mould & Matic under a 50-50 joint venture. It operated as part of Haidlmair Group.
Willi Eibner, CEO of Greiner Packaging, said the business is a better fit for Haidlmair.
“Mould & Matic’s area of activity is not part of the core business of Greiner Packaging,” he said. “On the other hand, it does match Haidlmair’s, the packaging industry machine tool specialist. This new ownership position represents a very good starting point for Mould & Matic’s further corporate development.”
Terms were not disclosed. Mould & Matic is based in Micheldorf, Austria. The company has operated a manufacturing location in Slusovice, Czech Republic, since 1995. Together, the two locations employ about 160.
Haidlmair, a major supplier of molds for bottle crates used to deliver beer, soda and bottled water, focuses operations at Mould & Matic on injection molds for packaging and medical products, and the themoforming tooling and equipment such as stackers and cup packers. For thermoforming, customers use the tooling to make products like fruit cups and single-serve K-Cups for coffee.
Mould & Matic also makes the Blowliner, a one-step injection stretch blow molding machine combining an Engel injection press inline with a PET blow molding machine.
“We have experienced very good collaboration with Greiner Packaging International in the last few years,” said Mario Haidlmair, CEO of the Haidlmair GmbH. “However, Mould & Matic’s clients very often included Greiner Packaging International’s competitors. This made the 50-50 shard a disadvantage at times for Mould & Matic. Being the sole owner gives us even better opportunities for expansion in the future.”
In other news, Haidlmair has purchased gas-assist molding cell from Engel Austria GmbH and Engel’s partner Bauer Kompressoren GmbH. The Engel gas melt process and the individual gas feeds are controlled on the press controller.