Husky Injection to acquire Moldflow division
-Husky Injection Molding System Co. , Ltd. (TSX: HKY)
Is to master the company.
S. manufacturing solutions division for $7 million. The Bolton-
US-based plastics experts said Monday the deal will allow the company to expand its product supply by adding temperature controllers, process management and data communication software to its hot runner and machine portfolio.
Husky is one of the largest suppliers of molds and hot runner in the injection molding industry.
Keith Carlton, vice president of Husky, said the deal with Moldflow \"brought Husky an experienced team, a wealth of technical expertise and a highly complementary innovative product\"president.
Husky Injection Molding system is a global supplier of injection molding equipment and services for the plastics industry.
The company has more than 40 service and sales offices to support customers in more than 100 countries.
Husky\'s factories are located in Canada, the United States, Luxembourg and China.
Shares in Toronto rose two cents to $7 on Monday afternoon. 88 in trading.