BOLTON, Ontario -- Husky Injection Molding Systems has announced that it has completed the acquisition of KTW of Waidhofen, Austria, recognized as one of the global leaders in closure mold making.
With the addition of KTW, Husky becomes the closure industry's only provider of complete injection molding systems, including mold, machine, hot runner, temperature controller, as well as a range of consulting and after-sales services. Husky will now offer KTW-branded closure molds as part of its fully integrated turnkey systems.
"This acquisition allows us to more closely integrate KTW technologies into the industry's most advanced closure molding systems," said John Galt, Husky's President and CEO. "Being able to offer customers a complete solution that is optimized to work seamlessly means increased productivity, less waste and improved part quality."
Husky's closure offering includes its HyCAP system for beverage closures, Hylectric system for specialty closures, a full line of hot runners, Altanium controller and the industry's most comprehensive after-sales support.
Husky Injection Molding Systems is one of the leading global suppliers of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky's manufacturing facilities are located in Canada, the United States, Luxembourg and China.
KTW was founded in the Austrian town of Waidhofen/Thaya with only 12 employees in 1979. KTW has acquired a first-rate reputation internationally due to its diversified know-how and its superior technical competence, and has risen to one of the world leaders in its field in recent years. Currently, the KTW Group has subsidiaries in Germany and The Czech Republic and employs about 400.