Cloeren Strengthens Presence in Europe
Flat die extrusion company Cloeren Incorporated, Orange, TX/USA, is investing in Austrian extrusion die maker EMO GmbH, Micheldorf, in form of a capital increase. EMO is owned by Austrian injection mold maker Haidlmair GmbH, Nussbach.
Cloeren and Haidlmair are both privately owned family businesses. “Common core family values enhanced the attractiveness of this venture for all parties”, say Cloeren CEO Peter Cloeren and Haidlmair Managing Director Mario Haidlmair. EMO founding family member Jürgen Hauser will also continue to participate with the Haidlmair and Cloeren families.
“Cloeren is a project oriented supplier to the global flat die extrusion market; and EMO is a component oriented supplier. Historically, we have seen very little overlap between the companies in the market place. EMO and Cloeren will remain two separate companies, with independent sales and product lines, serving their respective market niches”, says Peter Cloeren. "The current management and infrastructure of EMO will remain in place. This new investment from Cloeren will be used for a significant expansion of EMO, including new machine tools to be housed in a new building addition. I’m sure that both companies will benefit from this cooperation in the future”, adds Mario Haidlmair.
“EMO has traditionally been a regional supplier primarily serving the European market. We see an opportunity in expanding EMO’s global presence. Additionally, EMO provides Cloeren with a quality repair/refurbishment base for our European customers.”, says Alicia Cloeren, Director, Cloeren Incorporated. (ed.)
EMO Extrusion Molding GmbH
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