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01-25-2011

Schöttli and Magor Mold under One Roof

Mould Technologies Group (MTG) of Diessenhofen, Switzerland, which incorporates Schöttli AG, acquired all shares in Magor Mold Inc. of San Dimas CA, USA, as of January 2011. In addition to Schöttli AG as core corporation and Magor Mold, MTG, originally founded under the name of Mould Technologies Holding AG (MTH), also owns s-mouldtech in Suzhou, China. The three mold engineering specialists joined forces so as to better cater to manufacturers with an enhanced portfolio and moulds from one single supplier.

Both Schöttli and Magor specialize in the development and production of molds with an extremely high output rate. While they have a similar strategy, both companies supply injection molds for complementary products and as such they often cater to the same international and multinational customers: Magor predominantly supplies manufacturers of medical parts and disposables while Schöttli caters to medical disposable manufacturers as well as to packaging and plastic cap producers.

For MTG, the acquisition of Magor allows an enhancement of its portfolio particularly with moulds for technical parts and functional elements made from engineering plastics. These components are used in medical devices such as diagnostics systems, respirators and application systems. As significant stockholders of MTG Wolfgang Bühler and Martin Schöttli will both remain managing directors of Magor and Schöttli.

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