Xaloy Inc. increased its stake in extrusion equipment with the purchase of Dynisco LLC's extrusion business.
Xaloy adds gear pumps, screen changers, cleaning ovens and water-ring pelletizers to the Xaloy lineup of high-performance screws, bimetallic barrels and heat-transfer rolls. Terms of the March 21 deal were not disclosed.
``This acquisition makes Xaloy an even stronger supplier and resource for the extrusion industry,'' Xaloy President and Chief Executive Officer Walter Cox said in a news release.
Xaloy of New Castle, Pa., said it will consolidate extrusion sales and service in a new business, Xaloy Extrusion, based in Hickory, N.C. Randy Pearson, former president of Dynisco's extrusion business, heads up the new unit.
``With this transaction, Dynisco is now a company completely focused on its core competencies, which are testing, measurement and control,'' said Richard Pavero, Dynisco's senior vice president of sales and marketing.
Dynisco's extrusion assets at a facility in Heilbronn, Germany, will be moved to a nearby German site at an unspecified date. Dynisco's extrusion-related manufacturing, laboratory, spare parts and other operations in Hickory are included in the acquisition.
Dynisco LLC of Franklin, Mass., now comprises two operating units: Dynisco Sensors, including Dynisco Instruments and Viatran; and Dynisco Analytical Instrumentation, made up of Dynisco Polymer Test and Alpha Technologies. Since 2004, Dynisco has been part of Audax Group of Boston. In that time it has bought Alpha Technologies and Viatran.
Founded in 1953, Dynisco pioneered transducers specifically used to measure the melt pressure of plastic during manufacturing. From that platform, the firm branched out into other measurement and control devices for plastics.
Although Dynisco has exited extrusion equipment, it will continue to emphasize the plastics and rubber industries from its manufacturing plants in the United States, Germany and Malaysia.
Xaloy said the purchase fits its global footprint. The company manufactures in the United States, Germany and Thailand. The acquired business has sales offices in Germany and Italy that mesh with Xaloy's sales and service operations in Japan, Thailand, China, India and Germany. The company also has a network of independent sales agents around the world.
A management team and Baird Capital bought Xaloy from Saurer AG of Switzerland two years ago. The deal came several months after Xaloy bought competitor New Castle Industries Inc., a move that greatly expanded its sales and added heat-transfer rolls to Xaloy's lineup of screws and barrels. Xaloy claims it developed the first wear-resistant bimetallic barrels in 1938 and that it continues to lead in that technology.