Austria-based plastic recycling equipment maker Next Generation Recyclingmaschinen GmbH (NGR) has acquired a majority interest in the German company Dr. Collin GmbH.
The terms of the deal have not been disclosed.
Collin is a manufacturer of equipment for processing polymers in lab scale and pilot plants up to small production lines.
"If you look at the product lifecycle of plastic scrap, NGR has always been active in supporting the stages of production waste and recycling,” said NGR CEO Josef Hochreiter in a statement. “With the expertise of Collin, we are expanding our capabilities in product design – an important stage in exploiting the full potential of plastics – and pointing the way toward effective use of finite resources."
“An extended value creation chain will enable the new organization to target customized system solutions to research institutes, universities, plastics recyclers, polymer manufacturers, makers of industrial plastics recycling facilities, compounders, and recycling companies,” the NGR statement continued. “In addition, its well-developed, global sales network will continue to provide proximity to clients, as well as service and training in operating equipment and plastics analytics.”
As of March 1, 2014, Dr. Friedrich Kastner will be the CEO of Collin, replacing current CEO Dr. Heinrich Collin, who will retain a minority interest in the company. The company will continue to operate independently,
In addition to laboratory equipment, products developed and manufactured by Collin include high-performance pilot systems for medical technology, materials manufacturers, and large portions of the plastics industry
NGR is represented in Canada by Sainte-Julie, Que.-based Auxiplast Inc.