GW Plastics (Bethel, Vt.) announced today that the Nolato Group (Torekov, Sweden) has acquired it.
Financial terms of the deal were not disclosed.
GW Plastics’ seven global manufacturing facilities will join Nolato’s more than 25 facilities worldwide — creating a solid position for the newly merged company in North America, Asia and Europe. Officials at the two companies said the deal will provide significant synergies and a strong position in the North American healthcare, filtration, and automotive safety-critical markets,
“GW Plastics is a well-managed, well-invested company that is a great fit with our corporate culture. The business, which has historically demonstrated healthy organic growth, has extensive know-how in engineering and technology. Together with its size and geographic presence, this provides an ideal strategic combination with Nolato and enables significant market synergies over time,” Nolato CEO Christer Wahlquist said in a news release.
GW Plastics CEO Brenan Riehl said Nolato aligns well with GW Plastics’ business and culture.
“Our customers will now be able to enjoy the support and scale of the entire Nolato Group with its comprehensive product development, engineering services, and extensive global manufacturing network,” Riehl said.