The new owner of former injection press maker Windsor Kunststofftechnologie GmbH plans to broaden the firm's services.
Private investment firm Francis & Associates LLC acquired Windsor on Feb. 26 for undisclosed terms. The acquisition was announced in mid-March.
Francis & Associates President Dean Francis said Windsor will be able to capitalize on its reputation in Europe and the United States to expand its services.
The Hanau, Germany-based firm services and refurbishes its own brand of injection presses, which no longer are made, as well as machines made by others.
``In a service company, it is all about the people,'' Dean Francis said in a telephone interview. He said the Windsor staff's expertise was a major attraction for his firm.
Taylor's Worldwide LLC sold Windsor because it did not fit well with Taylor's other related businesses - plastics machinery majors HPM and Sandretto, according to Gerard Sposato, HPM's vice president of sales and marketing.
``Taylor's wants to focus on higher-growth opportunities in the Americas and emerging markets such as India,'' Sposato said in an e-mail. Taylor's owned Windsor for about two years.
Francis said Windsor should do better independent of any other machinery affiliation because there will be no conflict of interest. Windsor already can service various machinery brands, and the number should increase, he said.
Windsor's U.S. office in Hebron, Ky., established more than a year ago, will be expanded to pursue U.S. growth opportunities.
Winsor's business includes selling replacement parts as well as PlugXPress retrofit systems for multishot injection molding, and technology for gas-assist molding. The firm helps ensure a continuing market for its businesses by buying and selling used Windsor presses. It also has a distribution business for hydraulic components sourced globally.
Windsor is the first manufacturing investment for Ada, Mich.-based Francis & Associates.