Schöttli, the Swiss global leader in medical and closure mould making, has announced today that its shareholders have reached an agreement to sell the company (www.schoettli.com) to injection mould machine maker Husky Injection Molding Systems Ltd. The transaction is expected to close in early December.
In terms of the mould maker's history, the industrial investor CGS took a majority stake in Schöttli AG of Diessenhofen, Switzerland, back in early 2008 with the goal to form a global leader in mould making for medical applications and closures. Together with the former owner of Schöttli AG—Mr Martin 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. Through a special focus on innovation, several new technologies have been developed and will further support the growth path initiated over the recent years.
Husky Injection Molding Systems Ltd. (www.husky.ca) is a leading global supplier of injection moulding equipment and services to the plastics industry. By bringing Husky and Schöttli together, customers will benefit from an enhanced level of technical expertise in the production of the highest quality parts, the additional capacity to increase speed to market, and improved responsiveness delivered by the industry’s largest global service and support network. Following the closing of this transaction, Schöttli’s headquarter in Diessenhofen, Switzerland, as well as the other facilities in San Dimas, California, and Suzhou, China will become part of Husky’s global network of locations.
“Schöttli, supported by CGS, developed to the globally leading mould maker for medical applications and closures with a bright future ahead. I thank CEO Thomas Anderegg, the management team and the employees of Schöttli for the excellent work and wish them all the best for the future. We see Husky as the right organisation to take Schöttli forward,” said Martin Schöttli, member of the board of the Schöttli Group.
Thomas Anderegg, President and CEO of the Schöttli Group, said: “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. 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.”