Husky Injection Molding Systems today announced that it has signed an agreement to sell Injectoplast, the former closure injection molding operation of KTW, to Alpla Holding GmbH.
Injectoplast was a division of KTW, a closure mold maker that Husky acquired in early 2011. At the time of the KTW acquisition Husky announced that it would be divesting Injectoplast due to potential conflicts with its existing injection molding customers. After completing a thorough process, a deal has been signed with Alpla Holding GmbH. The deal is anticipated to close before the end of the first quarter of 2012.
Husky Injection Molding Systems is a leading global supplier 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, Austria and China.
Husky announces sale of Injectoplast to Alpla