Husky to acquire Schöttli

Husky Injection Molding Systems has announced it will acquire Swiss closure mould making company Schöttli. Schöttli’s shareholders recently reached an agreement to sell the company to Husky. The transaction is expected to close in early December.

The companies say the acquisition will benefit customers by providing an enhanced level of technical expertise, the additional capacity to increase speed to market and improved responsiveness.

Once the transaction closes, Schöttli’s headquarters in Diessenhofen, Switzerland, and other facilities in San Dimas, California, and Suzhou, China, will become part of Husky’s global network of locations.

CGS, an industrial investor, purchased a majority stake in Schöttli in 2008 with the intention of forming a global leader in mould making for medical applications and closures. Together with Martin Schöttli, the former owner of Schöttli, a ‘buy and build’ strategy was implemented with add-on acquisitions in China and the United States. The subsequent integration and global organisation enabled a considerable market share expansion and increased profitability.

“As a technical leader with a growing customer base, we are proud of what our team has accomplished and we have confidence this relationship will positively benefit customers,” said Schöttli President and CEO Thomas Anderegg.

“By joining Husky we are partnering with a like-minded industry leader to continue providing leading-edge technology, with the advantage of Husky’s extensive sales and service network to better serve our global customer base. We are excited about this new chapter in our company’s history and look forward to the benefits and synergies this acquisition will bring.”