Advanced contract manufacturing and injection moulding company, GW Plastics, has signed an agreement to be acquired by the Nolato Group.
The Nolato Group is headquartered in Torekov, Sweden, and specialises in developing and manufacturing products in polymer materials such as plastic, silicone, and TPE for companies within the healthcare sector.
With GW Plastics’ seven global manufacturing facilities, and Nolato’s 25+, together the two organisations will have a strong presence across North America, Asia and Europe. The acquisition aims to support relationships with existing customers, as well as create growth opportunities.
Christer Wahlquist, president and CEO, Nolato, commented: "GW Plastics is a well-managed, well-invested company that is a great fit with our corporate culture. The business, which has historically demonstrated healthy organic growth, has extensive know-how in engineering and technology. Together with its size and geographic presence, this provides an ideal strategic combination with Nolato and enables significant market synergies over time."
Brenan Riehl, president and CEO of GW Plastics, added: “We believe Nolato aligns exceptionally well with GW Plastics’ business and culture, and together we’ll offer our customers the same stability, predictability, and engagement they have come to rely on.”
He added: “Our customers will now be able to enjoy the support and scale of the entire Nolato Group with its comprehensive product development, engineering services, and extensive global manufacturing network. The combined capabilities and synergies between our companies are second to none and we look forward to leveraging them for our customer’s benefit.”
The transaction is anticipated to be completed in September, following the requisite US regulatory approvals. Following the acquisition, GW Plastics will continue to operate on an independent basis, while fully integrated into the Nolato Group and doing business under the Nolato-GW brand.