Nucon Wittmann changes name, acquires M-Tek equipment brand
In what proved a busy day, Markham, Ont.-based auxiliary equipment manufacturer Nucon Wittmann announced on June 8 ...
In what proved a busy day, Markham, Ont.-based auxiliary equipment manufacturer Nucon Wittmann announced on June 8 that it is changing its name to Wittmann Canada Inc., and also that it has bought the M-Tek blending and materials handling line from Mould-tek Industries Inc.
The terms of the acquisition were not disclosed.
According to Lorne Berggren, chief executive officer (CEO) of the Scarborough, Ont.-based Mould-tek Industries, the deal between the two companies had been months in the making, and will allow the M-Tek gravimetric blending system to reach a greater number of potential customers than ever before. Weve been making blenders for a long time, but were never able to get the message out, he said. As part of the Wittmann Canada line, the M-Tek blender now has a chance to make a real show in the industry.
M-Tek equipment will continue to be produced from the Mould-tek Industries headquarters, Berggren said, until Wittmann Canada merges the manufacturing into a new Toronto-area facility and brands the M-Tek line with its own name. Eventually, the majority of Mould-tek Industries employees will be transferred to Wittmann Canada as well, Berggren continued, with a skeleton staff remaining behind. We will still retain our injection molding machine business, he said.
Berggren also noted that the deal with Wittmann Canada did not include any part of Berg Chilling Systems Inc., of which he is also the CEO.
According to Wittmann Canada, the acquisition of the M-Tek line is part of an ongoing expansion to provide complete auxiliary equipment service. We have been a significant player in the systems market for many years but never had our own blenders to offer our customers, Rob Miller, president of Wittmann Canada, said. We now have a key piece that we were missing as a manufacturer and the ability to fully integrate the complete system using single controls platform.
Miller stressed that the companys name change will not affect its product offering. In fact, the name change brings with it better identification of our products and improved recognition of our global capabilities to support processors, he said. Wittmann Canada Inc. will also continue to honour all existing warranties for M-Tek equipment, Miller added.