Nolato has signed an agreement to acquire US-based GW Plastics. The acquisition price, including contingent consideration, is estimated at approximately SEK 2 billion.
GW Plastics was founded in 1955 and has established a position as specialist in complex injection-moulded thermoplastic and silicone solutions. The company’s products are mainly used in medical devices and, to a lesser extent, in vehicle systems. GW Plastics, which is headquartered in Bethel, VT, USA, has around 1,100 employees at its seven manufacturing plants in the US, Mexico, China and Ireland. The company has been under the same ownership since 1983 and the current management will remain with the business.
Nolato is a Swedish group founded in 1938 with operations in Europe, Asia, and North America. The company develops and manufactures products in TPEs, silicones and other polymer materials for customers within medical technology, pharmaceuticals, consumer electronics, telecom, automotive, hygiene and other selected industrial sectors.