Media Release
Hot runner systems will be offered under the brand Oerlikon HRSflow
Acquisition of INglass S.p.A. successfully closed
Pfaeffikon, Schwyz, Switzerland - June 10, 2021 - Oerlikon announced today that it has successfully closed the acquisition of the Italian company INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business.
The acquisition accelerates Oerlikon's strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solutions market. INglass S.p.A. is an internationally operating successful company established in 1987. Its product portfolio includes hot runners as well as engineering and consultancy services for the advanced development of polymer processing products. The hot runner systems will be offered under the Oerlikon HRSflow brand in the future. Those are applied in multiple industries from automotive, consumer goods and household appliances to packaging, waste management, construction and transportation.
Oerlikon HRSflow will be integrated into the Oerlikon Flow Control Solutions Business Unit, which is part of the Oerlikon Polymer Processing Solutions Division. After receiving all the required merger control approvals, Oerlikon and INglass S.p.A. successfully closed the acquisition on June 9, 2021. INglass S.p.A will be consolidated as of June 1, 2021.
About Oerlikon
Oerlikon (SIX: OERL) is a global innovation powerhouse for surface engineering, polymer processing and additive manufacturing. Its solutions and comprehensive services, together with its advanced materials, improve and maximize performance, function, design and sustainability of its customers' products and manufacturing processes in key industries. Pioneering technology for decades, everything the company invents and does is guided by its passion to support its customers' goals and foster a sustainable world. Headquartered in Pfäffikon, Switzerland, the Group operates its business in two divisions - Surface Solutions and Polymer Processing Solutions. It has a global footprint of more than 10 600 employees at 179 locations in 37 countries and generated sales of CHF 2.3 billion in 2020.
For further information, please contact:
Sara Vermeulen-Anastasi Head of Group Communications, Tel: +41 58 360 98 52 sara.vermeulen@oerlikon.com www.oerlikon.com | Stephan Gick Head of Investor Relations Tel: +41 58 360 98 50 stephan.gick@oerlikon.com www.oerlikon.com | |
André Wissenberg Head of Marketing, Corporate Communications and Public Affairs Polymer Processing Solutions Division Tel: +49 2191 67 2331 andre.wissenberg@oerlikon.com www.oerlikon.com | Chiara Montagner Marketing & Communication Manager Oerlikon HRSflow (INglass S.p.A.) Tel: +39 0422 750 127 (from 8.30 AM to 3PM) Fax: +39 0422 750 303 Mob: +393466239977 chiara.montagner@oerlikon.com www.oerlikon.com/hrsflow |
Provider | Channel | Contact | ||
---|---|---|---|---|
Tensid EQS Ltd., Switzerland www.tensid.ch |
newsbox.ch www.newsbox.ch |
Provider/Channel related enquiries marco@tensid.ch +41 41 763 00 50 |