In a move to deepen its ties to the North American market, Germany-based plastics processing equipment maker the Reifenhäuser Group has purchased injection molding and extrusion screw and barrel manufacturer Westland Corporation.
The terms of the deal have not been disclosed.
Wichita, Kan.-based Westland will become part of the Reifenhäuser Group under the name Reiloy Westland Corporation, as an independent unit of Reifenhäuser’s Reiloy Metall.
Westland’s president Dave Larson will become the new president of Reiloy Westland, Reifenhäuser said in a news release.
“North America is an important strategic market for the Reifenhäuser Group and its significance will continue to increase in the future,” said Bernd Reifenhäuser, the company’s CEO. “By acquiring our own site for screws and barrels on location and investing in the capacities of the site, we are reacting to this development in the market.”
Comprised of six business units, the family-owned Reifenhäuser Group employs about 1,200 people at its three German sites; the company reported total revenues of EUR 450 million in 2011/2012.