Greiner Extrusion Group acquires minority holding in Italian Simplas
Greiner Extrusion Group and the Italian Simplas are now working together in the area of tooling for film and sheet extrusion. Greiner Extrusion Group at the same time acquires a minority holding in Simplas. The clients of both companies will benefit from significantly larger production capacities, rapid on-site support and comprehensive tool services at eleven locations in Europe, North America and Asia.
"We are convinced that two companies that can work together a lot have found each other here. The expansion of the portfolio and the pooling of strengths in internationalization support the ambitious growth targets of both companies", says Axel Kühner, CEO of the Greiner Group.
Promising strategic partnership
Simplas, based in Northern Italy, is one of the leading suppliers of tools for plastic film and sheet extrusion, coating and adhesive application, with core competencies in development, design and process engineering. Greiner Extrusion Group is the world's leading supplier of extrusion lines, tools and complete lines for profile extrusion and is now expanding Simplas' range of services with its international production, service and sales locations. Michele Graglia, majority shareholder and president of Simplas is convinced that the partnership is "a constellation that promises success. With the international locations and the wide sales network of the Greiner Extrusion Group, we will be even closer to our clients and further expand our range of services", Graglia continues. Gerhard Ohler, CEO of the Greiner Extrusion Group, sees Simplas as the ideal partner and he says with conviction: "As a technology company with five decades of experience, broad expertise and high reputation, Simplas is the ideal partner to successfully continue our growth course in extrusion tools."
About Simplas S.p.A.
Simplas has been a leader in the field of tools for the plastic film and sheet industry for over 50 years. Head office of Simplas is located in Northern Italy, in the heart of the Italian plastics industry district. Its highly qualified employees have well-grounded experience in metal processing and extrusion processes. The company works with the latest generation of CAD/CEA/CAM technologies and it has state-of-the-art processing machines. Simplas is active in the global market and is characterized by high quality management standards and the continuous development of technical solutions to increase efficiency and product quality. Its customers include the most important plastics, coating and adhesive application processors. Service and after-sales support is an essential part of our range of services.
Sales 2017: EUR 8.3 million
Employees 2017: 34