U.S. blow molding specialist Uniloy Inc. is bringing blow molding machine manufacturing back to its European technical center in Magenta, Italy.
The former Milacron blow molding unit, which was purchased for nearly $51.9 million by private equity companies in July and relaunched formally under the Uniloy name, will underscore its return to Europe by taking part in K 2019 in Düsseldorf, Germany in October, the company announced Aug. 9.
Uniloy was acquired by Osgood Capital and Cyprium Investment Partners, two investment firms with years of experience in the plastics market. Its headquarters is moving to Tecumseh, Mich.
"What better way to present the new Uniloy company to the world than at the largest global plastics trade show?" Uniloy CEO and President Brian Marston said.
The European revival was prompted by customers who were "asking for Uniloy products made in Europe" and is in line with the company's global growth strategy, according to Corrado Zanga, director of European sales.
"There have been plenty of rumors and false information shared in the market, and this activity shows Uniloy is focused on our global customer's needs," Zanga said, without going into further details.
In 2015, Milacron had consolidated European production of its blow molding machines at its Policka, Czech Republic, site and simultaneously ended production in Italy.
Uniloy's line of blow molding machines includes reciprocating screw blow molders, injection blow molding presses, shuttle machines and accumulator head blow molding machines. The business also is a major manufacturer of blow molds, for dairy and other markets.