Mold-Masters (2007) Ltd. of Georgetown, Canada has acquired PMS Systems based in Hereford, UK. The combined businesses will become one of the world's largest hot runner controller manufacturing companies and the global leader in hot runner control technology.
Mold-Masters and PMS have worked together for many years in the development and supply of the highest quality and performance micro processor based temperature controllers. said Jonathon Fischer, President and CEO of Mold-Masters. This seamless working relationship has enabled our two companies to take the next natural step and become a single company. We believe strongly in the strengths of PMS and together we will create additional value for our growing customer base. said Fischer.
We see tremendous synergies between Mold-Masters and PMS. We are very excited about the opportunities that will emerge as a result of this transaction since we both share the same common goal to be the industry's number one choice for hot runner technology, said Iain Nunn, Director and one of the three founders of PMS.
Mold-Masters will also be retaining the PMS distributor network. We are very pleased that the existing PMS distributors have agreed to come on board with the new organization. Distributors such as IMSI and others bring significant knowledge and relationships in hot runner controls. Combining the strength of this network with the industry's most advanced controllers is a powerful combination of technology and experience. stated Patrick Bennett Executive VP of Sales for Mold-Masters.
| Iain Nunn Director PMS Systems Limited iain@pmssystems.com |
