#Spinning

2021-06-10

Acquisition of INglass S.p.A. successfully closed

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.

Hot runner systems will be offered under the brand Oerlikon HRSflow

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.

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