VANTAA, FINLAND — Uponor Corp., the Finland-based maker of plastic pipe systems for plumbing, underfloor heating and cooling and infrastructure, announced March 30 that its subsidiary, Uponor Infra Oy, has sold its machinery business, Extron Engineering Oy, to Mecanor Oy, in Lahti, Finland.
Uponor wants to focus on its core business and markets where it can command a strong market position, company officials said.
Extron Engineering makes extrusion and printing machinery for plastic pipe and film, both monolayer and multilayer. The company designs and builds turnkey systems, including technology for coextrusion. Uponor said the business generates annual sales of 6.5 million euros ($6 million). Extron Engineering employs 19 in Toijala, Finland.
Terms of the deal were not disclosed.
Mecanor makes downstream equipment for extruded plastic pipe and profiles, including pipe socketing/belling machinery, equipment for stacking, strapping, sleeving and bundling and seal/gasket inserting machines for automatically inserting seals and gasket rings.
The companies signed a cooperation agreement for the future development of key technologies.
Uponor officials said the divestment will not generate significant sales gains or losses, and does not impact Uponor's financial guidance for 2015. Uponor's net sales topped 1 billion euros in 2014 ($1.1 billion).