Oerlikon has signed an agreement to acquire INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business.

The strategic acquisition is Oerlikon’s significant step in expanding its current manmade fibers business into the larger polymer processing market. The completion of the transaction is expected by the second quarter of 2021.

The acquisition accelerates and enhances existing organic initiatives to diversify and strengthen the company’s core high-precision polymer flow control capabilities, products and services.

To reflect Oerlikon’s expansion into a larger high-growth market, the Manmade Fibers Division will be renamed as Polymer Processing Solutions Division which will have two business units: Flow Control Solutions and Manmade Fibers Solutions.

The busines unit Flow Control Solutions will combine the expertise of Oerlikon Barmag’s existing gear metering pumps business line and INglass’ HRSflow operations.

The business unit Manmade Fibers Solutions will continue to focus on growing the existing chemical fiber machinery and plant engineering business, offering plant solutions for the production of polyester, polypropylene and polyamide.

“Our new Polymer Processing Solutions Division and the acquisition of INglass S.p.A. and its HRSflow business are critical components of Oerlikon Group’s growth strategy. We are accelerating our efforts to drive sustainable organic and inorganic growth in all of our businesses,” said Dr. Roland Fischer, CEO Oerlikon Group.

“Combined with the capabilities of Oerlikon Barmag gear metering pumps and their melt distribution engineering competence will position our business as one of the leading precision flow control specialists for multiple applications in a global growth market,” commented Antonio Bortuzzo, CEO of INglass S.p.A.

New business unit offers growth potential

The Oerlikon Barmag competence brand already offers high precision flow control related components, including a large selection of gear metering pumps for textile and non-textile markets.

These highly efficient pumps are used in silicone casting, dynamic mixing and oil spraying for the chemical, paint, polymer processing and automotive industries.

This double-digit million CHF business, which has grown in recent years, will be merged with INglass’ HRSflow hot runner technologies under the new business unit Flow Control Solutions. HRSflow’s market access to many OEMs in and outside the automotive industry brings significant growth opportunities.

INglass S.p.A. is an internationally operating successful company with product portfolio includes hot runners as well as engineering and consultancy services for the advanced development of polymer processing products.

INglass’ HRSflow hot runner systems are applied in multiple industries from automotive, consumer goods and household appliances to packaging, waste management, construction and transportation.

Combining the divisions plant engineering and process know how with expertise on high precision flow control components technologies has an impact on product quality in nearly all applications, which opens up a platform for further organic and inorganic growth.