Husky buys up KTW to add molds to closure business

The acquisition, which is expected to close in mid-May, builds on a well-established business relationship between the two companies.

Husky told FoodProductionDaily.com: “We have enjoyed a strong relationship for 14 years supplying complete closure systems, in particular for the beverage segment. ​

“Husky has supplied the hot runner, hot runner controller and injection molding machine while KTW has supplied the mold.”​

By joining forces, Canada-based Husky and Austria-based KTW claim they will be the closure industry’s only provider of complete injection molding systems.

With the addition of KTW molds, Husky said it would be able to offer customers molds, machines, hot runners, temperature controllers, as well as a range of consulting and after-sales services.

Strategic review of Injectoplast​

However, the acquisition does mean that Husky will have to explore alternative ownership options for Injectoplast, KTW’s custom injection molding division. A strategic review will be conducted and a decision will be reached on the future of the business unit upon closure of the acquisition.

Explaining why the review is necessary, Husky said it must “avoid any potential conflict of interest with Husky’s customers who, like Injectoplast, manufacture closures.”​

Husky has sales and service offices in 40 countries as well as manufacturing facilities in Canada, the US, Luxembourg and China.

Following the acquisition, it said KTW’s operations in Austria, the Czech Republic and Germany, will become Husky’s closure mold development and manufacturing facilities.