Austria-based Meusburger, a maker of standard components for moulds, has announced that it has acquired Germany-based hot runner specialist PSG Plastic Service.
The companies did not disclose the financial details of the deal.
Meusberger states that all of PSG Plastic Service’s 200 employees will be kept on. PSG Plastic Service has facilities in Mannheim, Viernheim and Seckach, Germany, and a foreign branch in China.
Guntram Meusburger, Managing Director of Meusburger Georg said: “We are pleased to welcome the employees of PSG in the Meusburger family. With the takeover we have taken on board a strong partner with many years of experience in hot runner and control systems. We will continue to operate the company under the established PSG brand.
“Like PSG, Meusburger has been a powerful partner for companies in the industry for more than 50 years. Together, we will continue to grow successfully and expand our range of products and services as a reliable partner for die and mould making.”
PSG Plastic Service saw sales of about €27m in 2015.