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    1. Compounding

    Meusburger buys German hot-runner company PSG

    Aug. 12, 2016

    Meusburger Georg GmbH & Co. KG, a Wolfurt, Austria, producer of standard parts for making dies and molds, has purchased PSG Plastic Service GmbH, a Mannheim, Germany, manufacturer of hot-runner and temperature-control systems. Terms were not disclosed.

    Meusburger will continue to operate the company under the PSG name, and all of the company's 200 employees will be retained. Meusburger had sales of about $237 million in 2015; PSG's sales were about $30 million.

    KraussMaffei Group
    kraussmaffei_logo
    Maguire
    Steve Maguire, founder of auxiliary equipment maker Maguire Products Inc., Aston, Pa., poses with one of his many products.
    Plastics Industry Association (PLASTICS)
    Matt Seaholm, left, appears on stage with Bill Carteaux in 2018 at the Global Plastics Summit. Carteaux, who had served the Plastics Industry Association as its president and CEO since 2005, when it was known as the Society of the Plastics Industry, died a few weeks later. In 2022, Seaholm was promoted to helm the organization.
    Plastics Industry Association (PLASTICS)
    Bill Carteaux, the late Plastics Industry Association president and CEO, was one of the industry's most ardent supporters up until his death in 2018.
    15007018 © Ed Metz | Dreamstime.com
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