Maguire takes minority stake in supplier of bulk material handling systems

US auxiliary equipment firm Maguire Products has purchased a minority share of O.A. Newton, a provider of bulk material handling systems to the wood-plastic composite, flexible and rigid PVC, and carbon black markets. Terms were not disclosed.

Based in Bridgeville, Delaware, Newton engineers, fabricates, and installs complete systems for the unloading, storage, conveying, and blending of process ingredients, including controls and ancillary equipment. The company will continue to operate separately from Maguire Products, but the investment has the potential to expand the capabilities of Maguire in the material handling phase of the process industries. Maguire supplies handling systems directly connected to the plastics moulding and extrusion processes, such as dryers, loaders, blenders, and feeders.

“This investment broadens our offering to the plastics industry and allows us to serve markets that we would otherwise never reach with our current product line,” said Steve Maguire, Owner/President of Maguire Products. “We can now refer inquiries for bulk material handling directly to O.A. Newton and can work together with them as projects require.”

Steve Maguire founded Maguire Products in 1977. He has invested in other plastics businesses since then and is a co-owner of Novatec, which, like Maguire Products, is a supplier of auxiliary equipment for molding and extrusion. The two companies operate independently.

“Our affiliation with the Maguire family of companies provides us with access to a sales organization that has a global reach,” said Rob Rider, Jr., President/CEO of O.A. Newton. “It will greatly improve our ability to grow our customer base. The synergies between all the companies will have a compounding effect on all of us.”

For more than five decades, O.A. Newton has been a single-source provider of turnkey material handling systems for customers throughout the world. The company serves the plastics, tyre, and other industries, including those processing dry bulk solids and hard-to-handle materials. In plastics it has experience in providing systems for processors of rigid and flexible PVC and wood-plastic composites.

Maguire, headquartered in Aston, Pennsylvania, US, is the world’s largest supplier of gravimetric blenders, liquid color pumps, and vacuum dryers and also manufactures loading systems, auger feeders, granulators and related equipment and software. Its customers include injection, blow, and rotational molders, extrusion processors, and compounders.

(PRA)

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