Kiefel GmbH, the German manufacturer of thermoforming machines, plans to buy all of Mould & Matic Solutions GmbH, an Austrian maker of injection molds, blow molding machines and tooling and downstream equipment for thermoforming, from Haidlmair Group.
Both companies have signed a purchase agreement, which still is subject to approval by government authorities.
Mould & Matic, in Micheldorf, Austria, is a supplier of molds and automation equipment for the packaging sector. In 2014, Haidlmair bought out the 50 percent share in Mould & Matic from its partner, Greiner Packaging International GmbH. The business had been operating as part of Haidlmair Group.
Kiefel, part of the Bruckner Group, is based in Freilassing, Germany. Haidlmair's headquarters is in Nussbach, Austria.
The companies announced the deal March 7. Terms were not disclosed.
Kiefel CEO Thomas Halletz said Mould & Matic complements Kiefel's range of products for packaging.
“This constitutes, together with the recent acquisition of Bosch Sprang, an important milestone in our efforts to offer customers the complete range of systems and services from a single source — from product development right up to downstream equipment,” Halletz said in a news release.
Haidlmair Group is focusing more in its core business — large injection molds for products such as crates for beverage bottles, recycling bins and automotive parts.
CEO Mario Haidlmair said Mould & Matic will fit well with its new owner, a family business like Haidlmair.
Brückner Group, based in Siegsdorf, Germany, is a global maker of equipment and factory systems for the packaging and plastics industry. Besides Kiefel, its other units make film stretching machinery and services and other types of packaging machinery.
