JANUARY — Continuing its acquisition string, Davis-Standard, a division of Crompton & Knowles Corp., acquired ER-WE-PA, a German company that makes equipment for extrusion coating, cast film and sheet.
FEBRUARY — HPM Corp., the Ohio-based manufacturer of injection molding machines, extruders and screws, and Stadco Inc. of Los Angeles, which makes aerospace tooling and equipment, announced the firms would merge when Stadco bought all of HPM's stock — except stock owned by HPM President William Flickinger.
MARCH — German machinery supplier Battenfeld GmbH and Chen Hsong Machinery Co. Ltd. of Hong Kong created a joint venture in China to manufacture extrusion lines for making pipe, profiles and film. The venture, Battenfeld Chen Extrusion Systems Ltd., is based in Shunde, in China's Guangdong region.
APRIL — Davis-Standard made yet another acquisition — its eighth since 1991 — by purchasing the Hartig line of blow molding and extrusion systems from Battenfeld Blowmolding Machines Inc. The deal includes the FHB bottle manufacturing lines.
Van Dorn Demag Corp. completed its purchase of Newbury Industries Inc., the maker of vertical-clamp injection presses. Although Van Dorn Demag retained the Newbury name, the new owner decided to close the factory in Newbury, Ohio, and relocate production to Van Dorn Demag facilities in the Cleveland area and South Carolina.
SEPTEMBER — Ending months of speculation, Husky Injection Molding Systems Ltd. announced the location of its new U.S. facility: Milton, Vt. The company initially plans to make hot-runner systems there.
OCTOBER—German blow mold-ing machinery maker Krupp Kunststofftechnik GmbH purchased one of its German competitors, Battenfeld Fischer Blasformtechnik GmbH. The deal, which followed the sell off of Hartig in April, marked Battenfeld's complete exit from blow molding equipment production.
NOVEMBER — Armed with resources from its new owner Stadco, HPM Corp., which makes injection molding machines and extruders, announced it had signed a letter of intent to acquire Hemscheidt Maschinentechnik Schwerin GmbH & Co., a German injection press manufacturer.