Bolton, Ont.-based Husky Injection Molding Systems is acquiring Schöttli Group of Diessenhofen, Switzerland, a global medical and closure mold maker.
The terms of the deal have not been announced; the sale is expected to close in early December.
“Husky has enjoyed a strong and long-lasting relationship with Schöttli and we have long shared a mutual commitment to quality, technology innovation and customer satisfaction,” said John Galt, Husky’s president and CEO, in a statement. “Through this acquisition, we will be able to work with the many skilled people at Schöttli as one team to deliver more value to customers, particularly in the medical and closures markets. Our goal is to expand our knowledge, expertise, capacity and global footprint so that we can provide the best possible support to customers in these areas of our business.”
Following the close of the transaction, Schöttli’s headquarters in Diessenhofen, as well as other facilities in San Dimas, Calif., and Suzhou, China, will become part of Husky’s global network of locations.
“By joining with Husky we are partnering with a like-minded industry leader to continue providing leading-edge technology, with the advantage of Husky’s extensive sales and service network to better support our global customer base,” said Thomas Anderegg, president and CEO of Schöttli.