Milacron completes CanGen acquisition; expands product offering

Milacron Holdings Corp, a leading industrial technology company serving the plastics processing industry, has recently completed the acquisition of CanGen Holdings, Inc, a leading supplier of highly engineered aftermarket process control components for extrusion and injection moulding applications, which will now be part of the Milacron Extrusion product offering. The acquisition also consists of subsidiaries Canterbury Engineering Company and Genca.

Milacron’s extrusion business consists of OEM machines, barrel & screw rebuild and repair, gearbox repair and extrusion service and parts. The extrusion business is expanding into emerging markets with machine building capability in China and as recently announced in India with a successful open house event held in November.

With the acquisition completed, Milacron’s aftermarket capabilities now include a broadened product offering into downstream tooling, proprietary rights to over 185,000 unique designs and drawings, and a regional centre for parts and service in the southeastern US Genca also has a strong market position in Mexico and throughout South America , which will be leveraged under Milacron ownership. The consumables product market served by Canterbury and Genca includes screws & barrels, tooling and cross-heads, and other machined metal components.

Ron Krisanda, Milacron’s COO, Advanced Plastic Processing Technologies (APPT) states that the merger will add new market focus in rubber, recycling, medical, cross head and small profile tooling.


Copyright (c) 2015 www.plasticsandrubberasia.com. All rights reserved.