Milacron acquires co-injection molding technology supplier Kortec

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 molding equipment. Both of these options can transform operations from mono-layer manufacturing processes to complete co-injection molding lines, the company stated. 

Milacron CEO Tom Goeke stated: "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. This furthers our vision to focus on giving our customers an unprecedented range of fully integrated solutions."

Injection molded 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, according to the company. 

Kortec President and CEO Paul Swenson commented: "This presents a great opportunity for Kortec and its employees to reach a larger customer base with the global reach and resources provided by teaming with Milacron. By teaming with Milacron, Kortec will be able to supply a wider variety of solutions, further enhancing our offerings to the market and creating better ways to serve our customers."

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

Last year, Milacron generated quite a bit of attention when it completed the acquisition of Mold-Masters, a deal originally announced February 12. With that acquisition, Milacron's combined enterprise featured: Milacron Plastics Machinery (injection, structural foam, extrusion, and blowmolding machines); Mold-Masters (hot runners); DME Company (mold technologies); Aftermarket (parts and service); and CIMCOOL Fluid Technology (metalworking fluids and services).