Mould maker expands portfolio with new company
M
ould Technologies Group (MTG), which owns Swiss mould maker Schöttli and S-Mouldtech in Suzhou, China, has bought a US-based mould maker, Magor Mold. Both Schöttli and Magor specialise in developing moulds with a high output rate.
Magor predominantly supplies manufacturers of medical parts and disposables while Schöttli caters to medical disposable manufacturers as well as to packaging and plastic cap producers.
With this acquisition, MTG says it is able to enhance its portfolio, particularly with moulds for technical parts and functional elements made from engineering plastics for producing medical devices such as diagnostics systems, respirators and application systems.
MTG also says that with Schöttli, S-Mouldtech and Magor under one roof allows for synergies as international customers of any of the three companies will now be provided with moulds for a more diversified portfolio from a single supplier. Meanwhile, both service and maintenance will be carried out by the local companies. MTG, Schöttli and S-Mouldtech will also consolidate their US presence.
As significant stockholders of MTG, Wolfgang Bühler and Martin Schöttli will both remain managing directors of Magor and Schöttli.
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