Maag Pump buys Gala Industries
Deal expands Maag’s presence in the polymer and compounding industry.
October 21, 2015 by Canadian Plastics
Maag Pump Systems AG is buying Gala Industries Inc., an Eagle Rock, Va.-based manufacturer of underwater pelletizing systems, centrifugal pellet dryers and process solutions for the plastics industry.
The terms of the deal have not been announced.
Maag, headquartered in Oberglatt, Switzerland, is a global maker of gear pumps, pelletizing systems, and filtration systems for plastics and other industries.
Both companies will retain their existing brand names, which include Maag Pump Systems, Automatik Pelletizing Systems, and Gala Industries.
“The addition of Gala’s innovative products will further enhance Maag’s strong position in underwater pelletizers and centrifugal dryers and globally position the combined company as a leading provider of equipment for the polymer and compounding industry,” Maag said in a statement.
Maag manufactures in Switzerland, Germany, Italy, the U.S., and China, with additional sales offices in France, Singapore, Taiwan, Malaysia, India, and Brazil. Gala Industries manufactures in the U.S. and Germany, and has a sales office in Thailand.
The combined business will be headed by Ueli Thuerig, president of Maag.