Milacron acquires co-injection supplier Kortec

Milacron LLC, a global provider of high-precision plastics processing technologies, is acquiring Kortec, a supplier of co-injection technology solutions to the packaging industry. Milacron says that its merging with Kortec will enable it to become a leading provider of fully integrated, turnkey co-injection barrier systems.

Customers will have the flexibility to purchase a fully integrated Kortec system, or choose to add a retrofit co-injection melt distribution and control module to their existing injection moulding equipment. Both of these options can transform operations from mono-layer manufacturing processes to complete co-injection moulding lines.

According to Milacron’s CEO Tom Goeke, The addition of Kortec is a perfect accompaniment to Milacron’s acquisition of hot runner manufacturer Mold-Masters in 2013. Mold-Masters’ existing IRIS barrier technology and Milacron’s machinery platform, in partnership with Kortec, will create the widest co-injection solutions capability in the plastics industry.

Injection moulded barrier packaging has seen significant growth in the last five years to replace cans, tin, glass and thermoforming in markets such as shelf stable thin wall packaging, beverage packaging, pet foods, single serve coffee and medical parts. The growth is driven by the cost, quality, shape and productivity advantages of plastic packaging.

The transaction, subject to customary closing conditions, is expected to close before the end of February 2014, says Milacron.

(IMA)

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