SHARON, MASS. — Dynisco Inc., a major North American player in hot-runner systems through its Kona unit, has acquired European hot-runner supplier Eurotool Operations BV of the Netherlands.
The companies said the deal, announced April 8, will improve their service to global operations of major customers on both continents. Dynisco has been trying to increase sales in Europe, while Eurotool has been moving into North America, said Richard Paolino, Dynisco's president and chief executive officer.
``The similarities between our two organizations are very great,'' Paolino said in an April 10 interview at Dynisco's headquarters in Sharon.
Kona and Eurotool each employs about 200. Paolino would not disclose sales of either firm.
Terms of the acquisition also were not disclosed.
Kona is based in Gloucester, Mass. The unit has sold hot runners in Europe through Dynisco's offices in Champigny-sur-Marne, France; Heilbronn, Germany; and Hampshire, England; but, Paolino said most of Kona's sales there have been through independent agents. Eurotool in recent years opened an office in Georgetown, Ontario, near Toronto.
Dynisco will retain the products, brand names and all facilities of both companies, according to Paolino.
``Both product lines will be carried, and in the future we will create new products and services that take advantage of the very best of both companies,'' he said.
Ton van den Brink, Eurotool's president said, ``Our combined product offering will now include more choices for customers.''
Hot-runner systems are used in molds in injection molding, to keep the plastic in a liquid state between shots, by heating the mold channels. They can eliminate the need for sprues and runners.
One difference between the two companies is the method each uses to transmit heat through the mold. Eurotool uses traditional heaters to warm mold channels, while Kona's Heat Pipe technology works by using a sealed hollow tube that contains a special capillary wick and a liquid. Heat moves down the entire length of the heat pipe, giving a uniform heating temperature that reduces the number of heaters and control zones that are required, according to Kona.
The combined operations will use both hot-runner methods. Employees from the companies will begin cross-training in May, Paolino said.
Kona President Philip Doucette said each system has advantages: Although heat pipes give a very even heat, they require a larger mold body than traditional hot runners do, he said.
Paolino said the level of use of hot runners appears to be similar in North America and Europe, with major markets that include automotive, packaging, medical and housewares.
Eurotool, with a headquarters plant in Gravendeel, the Netherlands, also operates two facilities in Bensheim, Germany, where it does engineering, assembly and parts manufacturing. The company has offices in France, England, Portugal, the Czech Republic, Denmark, Finland, Israel, Australia and Canada.
Paolino, who made the announcement, became president and chief executive officer of Dynisco in February. He came from Brown & Sharpe of North Kingstown, R.I., where he was vice president and general manager of its Measuring Systems Group.