Mold-Masters buys UK controller manufacturer PMS Systems
Hot runner supplier Mold-Masters Ltd. has purchased UK-based control system manufacturer PMS Systems.
The terms of the acquisition have not been disclosed.
According to Mold-Masters, it hopes that the combined businesses will become one of the world’s largest hot runner controller manufacturing companies, and a global leader in hot runner control technology.
“Mold-Masters and PMS have worked together for many years in the development and supply of the highest quality and performance micro processor based temperature controllers,” said Jonathon Fischer, president and CEO of Georgetown, Ont.-based Mold-Masters. “This seamless working relationship has enabled our two companies to take the next natural step and become a single company. We believe strongly in the strengths of PMS and together we will create additional value for our growing customer base.”
“We see tremendous synergies between Mold-Masters and PMS. We are very excited about the opportunities that will emerge as a result of this transaction since we both share the same common goal to be the industry’s number one choice for hot runner technology,” said Iain Nunn, director of Hereford, UK-based PMS.
Mold-Masters will also be retaining the PMS distributor network.