2013 Exhibitions
The Reifenhäuser Group, a global manufacturer of plastics processing machinery, has acquired US-based screws and barrels Westland Corporation, further increasing the market share of its screws and barrels subsidiary, Reiloy Metall.
The acquisition will immediately integrate Westland to the Reifenhäuser Group under the name Reiloy Westland Corporation, as an independent unit of Reiloy Metall.
Dave Larson, formerly President of Westland, will take over the management of the Reiloy Westland as President.
The combination of Reiloy Metall, the only manufacturer in Germany that produces its own metal alloys, and the newly formed Reiloy Westland is expected to build up Reifenhäuser’s production capacities and strengthen its engineering and services in the growing North American market.
The North American market is a strategic growth market for Reifenhäuser, says the company’s CEO, Bernd Reifenhäuser. “By acquiring our own site for screws and barrels on location and investing in the capacities of the site, we are reacting to this development in the market, “ he says.
(PRA)
