Expansion strategy Oerlikon to acquire hot-runner specialist Inglass
Switzerland — The provider of surface engineering, polymer processing and additive manufacturing, Oerlikon, announced that it has signed an agreement to acquire Italy-headquartered Inglass and its innovative hot runner systems technology operating under its HRS Flow business.
The strategic acquisition of Inglass is a significant step in expanding Oerlikon’s current manmade fibers business into the larger polymer processing market. The step is to accelerate and enhance existing organic initiatives to diversify and strengthen the company’s core high-precision polymer flow control capabilities, products and services. The completion of the transaction is subject to customary regulatory approvals and is expected by the second quarter of 2021.
To reflect Oerlikon’s expansion into a larger high-growth market, the Manmade Fibers Division will be renamed as Polymer Processing Solutions Division. This division will have two business units: Flow Control Solutions and Manmade Fibers Solutions. The business unit Flow Control Solutions will combine the expertise of Oerlikon Barmag’s existing gear metering pumps business line and Inglass’ HRS Flow operations. The business unit Manmade Fibers Solutions will continue to focus on growing the existing chemical fiber machinery and plant engineering business, offering plant solutions for the production of polyester, polypropylene and polyamide.
The acquisition is to enable new synergy opportunities between both Oerlikon divisions in specific end markets such as automotive. The Oerlikon Barmag competence brand already offers high precision flow control related components, including a large selection of gear metering pumps for textile and non-textile markets. These highly efficient pumps are used in silicone casting, dynamic mixing and oil spraying for the chemical, paint, polymer processing and automotive industries. This double-digit million CHF business, which has grown in recent years, will be merged with Inglass’ HRS Flow hot runner technologies under the new business unit Flow Control Solutions. HRS flow’s market access to many OEMs in and outside the automotive industry brings significant growth opportunities, the company believes.
Inglass is an internationally operating successful company established in 1987 and headquartered in San Polo di Piave, Italy, near Venice. Its product portfolio includes hot runners as well as engineering and consultancy services for the advanced development of polymer processing products. Their HRS Flow hot runner systems are applied in multiple industries from automotive, consumer goods and household appliances to packaging, waste management, construction and transportation.
Following the integration with Oerlikon Barmag’s gear metering pumps business of about 200 employees in Remscheid, Germany, the new Flow Control Solutions business unit will have round about 1200 employees.