CNC Customize Parts Professional Solution & Processing Provider

COMPANY NEWS; CINCINNATI MILACRON TO BUY GERMAN COMPANY

by:QY Precision      2019-10-20
Bloomberg News.
1993 this is a digital version of an article from The Times Print Archive, before it starts online in 1996.
To keep these articles as they appear initially, the Times will not change, edit, or update them.
There are occasional copywriting errors or other problems during the digitization process.
Please send a report of such issues to archid_feedback @ nytimes. com.
Mira clone Cincinnati
Yesterday said it would buy Klockner Werke. G.
Plastic injection
Acquired the molding machine business with $56 million in cash and assumed debt.
Ferromatik for sale has 600 employees with annual sales of $100 million.
Cincinnati makes Milacron produces plastic processing equipment, machine tools, computer control and manufacturing systems.
In addition, Cincinnati mirakon said it plans to sell its Sano subsidiary, a supplier of blow molding and foundry plastics
The film system lost more than $3 million this year.
Milarone, Cincinnati, decided to write before tax-down of $18.
1 million to Sano, resulting in the third
A quarterly loss of $7.
9 million, the company said.
A version of this article was printed on page D00005 of the National edition on November 3, 1993, with the title: Company News;
Acquisition of Germany by Cincinnati Mira clone
Custom message
Chat Online
Chat Online
Chat Online inputting...
Sign in with: