MAAG Group to Acquire Cloeren Incorporated

The MAAG Group announced that it has signed a definitive agreement to acquire Cloeren Incorporated, based in Orange, (Texas), USA. With this strategic acquisition, the Group is expanding its expertise in plastics processing and strengthening its position as a leading global provider of integrated system solutions for the polymer and plastics industry. Cloeren designs and manufactures high-performance, custom-designed extrusion slot dies and feedblocks primarily for polymer and plastics applications. The Company is based in Orange, TX, in close proximity to North America's petrochemical and energy export hub, with additional manufacturing locations in Marshall, Texas/USA; Eau Claire, Wisconsin/USA; and Micheldorf, Austria.

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