Husky settles legal dispute with Mold & Hotrunner Technology AG
Husky Injection Molding Systems Ltd. has settled a 15-year-old dispute with Germany-based Mold & Hotrunner Technology AG.
Husky and MHT announced “a joint agreement to settle all pending disputes regarding issues concerning trade secrets,” the companies said in a joint statement. “After many years of litigation, Husky and MHT have decided to amicably resolve any differences relating to this dispute.”
The terms of the settlement are confidential, the statement added.
Husky is based in Bolton, Ont.; MHT is headquartered in Hochheim, Germany.
MHT develops and produces tools and molds for plastic injection molding and hot runner technology.
In a lawsuit originally filed in 2001, Husky had claimed that MHT was using Husky’s proprietary intellectual property to create its own preform molds. MHT denied the allegation.