Finland-based Uponor Infra Oy, a subsidiary of Uponor Corporation that makses plastic pipe systems for plumbing, underfloor heating and cooling and infrastructure, has sold its fully owned Finnish subsidiary, Extron Engineering Oy to Mecanor Oy, also based in Finland.

Both Extron Engineering Oy and Mecanor Oy are in the business of designing and manufacturing machinery for the plastic products industry.

The parties also signed a co-operation agreement for the further development of certain key technologies.

Uponor says the divestment does not impact its guidance for the year 2015 and it does not generate sales gains or losses of note. It had sales of EUR1 billion in 2014.

The net sales of Extron Engineering in 2014 amounted to EUR5.6 million and it employs 19 persons in its Toijala premises. Extron Engineering makes extrusion and printing machinery for plastic pipe and mono-layer/multi-layer film. The company designs and builds turnkey systems, including co-extrusion technology.

Uponor Infra Oy made a decision to divest Extron in accordance with its strategy to focus on core businesses and markets where it can command a strong market position and achieve operational synergies. Uponor Infra will also in the future continue to license and sell certain technologies relevant to the infrastructure business.

Mecanor makes downstream equipment for extruded plastic pipe and profiles, including pipe socketing/belling machinery, equipment for stacking, strapping, sleeving and bundling and seal/gasket inserting machines for automatically inserting seals and gasket rings.