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(Husky)-- Husky
Injection Molding Systems today announced that it has signed an agreement to
sell Injectoplast, the former closure injection molding operation of KTW, to
Alpla Holding GmbH (A-6971 Hard, Austria).
Injectoplast was a division of
KTW, a closure mold maker that Husky acquired in early 2011. At the time of the
KTW acquisition Husky announced that it would be divesting Injectoplast due to
potential conflicts with its existing injection molding customers. After
completing a thorough process, a deal has been signed with Alpla Holding GmbH.
The deal is anticipated to close before the end of the first quarter of
2012.
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