Milacron Holdings, a leading industrial technology company serving the plastics processing industry, has announced that it has completed the acquisition of CanGen Holdings.
CanGen is a leading supplier of highly engineered aftermarket process control components for extrusion and injection molding applications and will now be part of the Milacron Extrusion product offering.
With the acquisition completed, Milacron’s aftermarket capabilities now include a broadened product offering into downstream tooling, proprietary rights to over 185,000 unique designs and drawings, and a regional center for parts and service in the southeastern US Genca also has a strong market position in Mexico and throughout South America, which will be leveraged under Milacron ownership. The consumables product market served by Canterbury and Genca includes screws and barrels, tooling and cross-heads, and other machined metal components.
Millacron chief operating officer, advanced plastic processing technologies said: “The addition of CanGen fits perfectly within our APPT group and will add new market focus in rubber, recycling, medical, cross head and small profile tooling. It also further extends our aftermarket capabilities, a part of our business that has been accelerating very well over the last 12 months and continues to be a key focus for our company. The global reach of the combined company’s capabilities will offer far greater value to our customers than any other extrusion company. A total life cycle product offering and working with our customer through every stage of their processing life is a major differentiator for us. It’s important for our customers and therefore is important for Milacron.”
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