Majority stake in Dr. Collin acquired by recycling equipment maker NGR
A majority stake in German specialty machinery maker Dr. Collin GmbH has acquired by NGR Next Generation Recyclingmaschinen GmbH.
A wide range of equipments like laboratory and pilot-scale equipments for extrusion process are manufactured by Dr. Collin.
NGR, which is based in Feldkirchen, Austria, produces recycling equipment and Dr. Collin is in Ebersberg, Germany.
NGR CEO Josef Hochreiter said in a news release that “If you look at the product lifecycle of plastic scrap, NRG has always been active in supporting the stages of product manufacture and recycling,” and also added in statement that “With the expertise of Collin we are expanding our capabilities in product design — an important stage in exploiting the full potential of plastics — and pointing the way toward effective use of finite resources.”
However, the terms of the deal were not disclosed.
The operations of the company would be held independently. Heinrich Collin — the “Dr.” in Dr. Collin GmbH — will hold on to a minority interest. He and his successor Friedrich Kastner who is the new CEO of Dr. Collin will provide support to the company.
Dr. Collin’s product line includes pilot blown film lines, stretching lines that do machine-direction orientation (MDO) and transverse-direction orientation (TDO), equipment for spinning filaments, bench-top roll mills and film testing devices, twin-screw kneaders, pelletizers, pipe and extrusion lines for pipe, tubing and medical catheters.
According to the information displayed over Dr. Collin’s website the company was founded in 1972, also it has developed technology to manufacture specialty films for electronic and battery applications, as well as optical films for monitor screens.
The employee strength of Combined, NGR and Dr. Collins have more than 220 employees.