MISSISSAUGA, ONTARIO (June 6, 3:10 p.m. ET) — Hamilton Plastic Systems Ltd., a Canadian equipment supplier, has acquired the assets, inventories and intellectual property of auxiliary equipment maker Hamilton Avtec Inc.
Both companies are in Mississauga, Ontario. Terms were not disclosed.
Hamilton Avtec makes material handling equipment, including pellet and powder loaders, vacuum and pressure pumps, station controls, additive feeders and railcar unloading and custom scale systems.
Prior to the acquisition, Hamilton Plastic Systems was the distributor of Hamilton Avtec products in North America. The companies were separate.
Douglas Hamilton, vice president of Hamilton Plastics Systems, said with the acquisition, Richard Hamilton, his uncle and president of Hamilton Avtec, will retire.
Besides Hamilton Avtec equipment, Hamilton Plastic Systems also carries auxiliary equipment under the brands of Shini, Movacolor and Piovan/Una-Dyn.