Westland Corporation Acquired by Reifenhauser Gruppe
Press Release
Reifenhäuser acquires Westland Corporation, the quality and service leader in the US market for screws and barrels
Troisdorf, Germany and Wichita, Kansas (USA)—12 December 2012.
The Reifenhäuser Group, leading global manufacturer of plastics processing machinery, has acquired the US company Westland Corporation, further increasing the market share of the subsidiary Reiloy Metall, the manufacturer of screws and barrels. This acquisition will significantly expand the company’s production capacities and strengthen engineering and service in the North American market.
Westland Corporation, based in Wichita, is a US manufacturer of screws and barrels. Over the last few years, the company has taken a leading position in the North American market in terms of service and quality. Effective immediately, the company will be part of the Reifenhäuser Group under the name Reiloy Westland Corporation, as an independent unit of the business unit Reiloy Metall. Dave
Larson, formerly President of Westland Corporation, will continue to manage the business of Reiloy Westland as President.
Thomas Porstner, head of the global Business Unit Reiloy says: “Reiloy Metall and Reiloy Westland are a perfect match. In Germany, we have unrivalled expertise and extensive production capacities for producing barrels with induction-heated centrifugal casting, and are currently the only manufacturer that produces its own metal alloys. Together with the know-how in engineering and the outstanding service and sales network at our new USA site, we now have the equipment and the necessary foundation for growth in the North American market.”
For Dave Larson, President of Reiloy Westland, joining the Reifenhäuser Group is the logical next step for Westland after seven years of successful cooperation: “We can now supply the US market with larger quantities and at the same time,have additional resources for the future. As part of the family-run Reifenhäuser Group, we belong to a group of companies with a strong financial basis and a strategy that isn’t focused on fast profits, but instead, on long-term, sustainable growth. We look forward to contributing to this future growth.”
For the Reifenhäuser Group, the purchase of the Westland Corporation is a clear acknowledgment of the significance of the American market. Bernd Reifenhäuser, CEO of the Reifenhäuser Group says: “I am convinced that the US is an important strategic market for the Reifenhäuser Group and that its significance will continue to increase in the future. By acquiring our own site for screws and barrels on location and investing in the capacities of the site, we are reacting to this development in the market.”
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About the Reifenhäuser Group
The Reifenhäuser Group comprising six Business Units, is the world’s leading manufacturer of plastics processing machinery. In the business year 2011/2012 the group employing about 1,200 people at its three German sites reported total revenues of EUR 450 million. The family-run company was founded in 1911 and is managed today for the third generation by brothers Bernd, Klaus and Ulrich Reifenhäuser.
www.reifenhauser.com
About Reiloy Metall
Reiloy Metall, a subsidiary of the Reifenhäuser Group based in Troisdorf, is the global market leader in highly wear-resistant screws and barrels for plastics extrusion and injection molding. The company, founded in 1971, is managed by Thomas Porstner.
www.reiloy.com
About Westland Corporation
Westland Corporation, based in Wichita, Kansas, started reworking barrels for extrusion and injection molding in 1969. The company would later develop into a market leader for high-performance screws and barrels. The company became part of the Reiloy Business Unit of the Reifenhäuser Group on December 1, 2012 under the name Reiloy Westland. The company is managed by Dave Larson.
www.reiloyusa.com
Publication free of charge – Please send voucher copies to care of Otto Kuhl
12.12.2012, Words: 412, Characters: 2.679
Reifenhäuser GmbH & Co. KG Maschinenfabrik
Spicher Straße 46-48 • 53844 Troisdorf • Germany
Telephone +49 (0)2241 23510-0 • Telefax +49 (0)2241 23510-790
Internet: www.reifenhauser-group.com
Press relations:
Wolfgang Högemann
Reifenhäuser GmbH & Co. KG Maschinenfabrik
Email: Wolfgang.Hoegemann@reifenhauser-group.com
Phone: +49 (0)2241 23510-768
Fax : +49 (0)2241 23510-790