GREINER
Austrian extrusion specialist acquires French firm
Profile extrusion tooling manufacturer Greiner Extrusion (Nussbach / Austria; www.greiner-extrusion.at) has taken a 90% stake in France Filière Plastique (Perrignier / France). The acquisition is part of the international expansion strategy of Greiner Extrusion’s parent company Greiner Tool.Tec (www.greiner-tooltec.com), the tool making division of the family-owned Greiner Group (Kremsmünster / Austria; www.greiner.at).
Greiner Tool.Tec, which describes itself as the “world market leader in extrusion tools, machines and plant engineering,” has purchased shares in a wood extrusion firm in the US and established a joint venture in stamping dies in Slovenia. The company said it expects these investments to generate double-digit sales growth in 2008. Greiner Tool.Tec operates 21 facilities at 16 sites in 8 countries and has around 1,400 employees, roughly half of whom work in Austria. Consolidated sales were around EUR 150m in 2007.
Greiner Tool.Tec, which describes itself as the “world market leader in extrusion tools, machines and plant engineering,” has purchased shares in a wood extrusion firm in the US and established a joint venture in stamping dies in Slovenia. The company said it expects these investments to generate double-digit sales growth in 2008. Greiner Tool.Tec operates 21 facilities at 16 sites in 8 countries and has around 1,400 employees, roughly half of whom work in Austria. Consolidated sales were around EUR 150m in 2007.
26.03.2008 Plasteurope.com [210463]
Published on 26.03.2008
German version of this article...