8 NEWS PETplanet Insider Vol. 23 No. 10/22 www.petpla.net Adler Industrial Solutions acquires R&D / Leverage Adler Indust r ial Solut ions, Inc. announced it has acquired R&D/Leverage, Co. This transaction marks the third acquisition by Adler in the past year and gives the company expanded scale, a broader capability set, and European manufacturing facilities that serve a global customer base. Headquartered in Lee’s Summit, Missouri, R&D is a leading manufacturer and supplier of mould types for the food and beverage, personal care, and healthcare markets. Founded in 1975 by Ivan and Ardith Drienik, the company was a pioneer in developing complex tooling solutions for the injection moulding and blow moulding industries. Today, R&D has over 250 employees split between its 180,000-square-foot and 60,000-square-foot manufacturing facilities in Lee’s Summit, Missouri, and Nottinghamshire, England, respectively. “The acquisition of R&D is a milestone addition for Adler. The capabilities and skillsets of the R&D team are second to none and will only further raise the core competencies of the Adler group,” said Philipp Gruner, CEO of Adler. “Adding adjacent markets such as blow moulds, injection stretch blow moulds, preform moulds and higher complexity injection system moulds to our capabilities allows Adler to offer more services to our existing and future customers while expanding our geographic reach within the United States and internationally.” As a part of Adler, R&D / Leverage will benefit from additional resources and investment. Ardith Drienik said the acquisition is the ideal pathway forward for the company that she and her husband, Ivan, founded and dedicated their lives to building. “When I met the Adler founders, I knew I had found the right buyer. I wanted someone that shared my husband’s love of manufacturing and engineering, and someone who appreciates the value and contributions of the employees. I feel Ivan would agree with this decision that the Adler team’s track record, energy, and vision will make them the ideal stewards of this amazing company,” said Mrs. Drienik. www.adlertooling.com www.rdleverage.com Kilian Braunsdorf becomes CEO of Paccor Kilian Braunsdorf has been appointed Chief Executive Officer (CEO) of Paccor, a global player in the plastic packaging industry. He succeeds Andreas Schuette, who steps down from his role with the completion of the acquisition of Paccor by the Faerch Group (as of September 1, 2022). Under the new ownership, Paccor intends to accelerate the transition towards circular packaging and provide its customers with new and innovative packaging solutions. Kilian Braunsdorf (47) joined the company in July 2020 as a Member of the Executive Board and has since served as Chief Financial Officer (CFO). Prior to joining Paccor, he held global leadership positions in the packaging industry. He started his career in Auditing and Management Consulting and holds a degree in Industrial Engineering. Kilian Braunsdorf succeeds Andreas Schuette, who served as CEO of Paccor since March 2019. Being part of the Faerch Group is stated to bring numerous benefits to Paccor and its customers. The joint geographical footprint of more than 30 production sites with around 6,000 employees across Europe, the US and Asia brings the company closer to its customers. “Paccor will continue to operate as a separate company and provide its customers with the products and services they know and expect from Paccor,” Lars Gade Hansen, CEO of the Faerch Group, said. “A comprehensive investment programme for supporting material conversion into circular solutions, expanding the operational platform and in R&D will be quickly brought into play,” he concluded. The Paccor UK business is not part of the acquisition and was hived off prior to the transaction. www.paccor.com RadiciGroup: acquisition of Ester Industries Ltd. completed RadiciGroup High Performance Polymers acquired the Engineering Plastics business of the Indian company Ester Industries Ltd. Last May, RadiciGroup announced this action aimed at strengthening its internationalisation strategy, with an investment of around 35 million euros: the transaction allows RadiciGroup - in India since 2006 - to further reinforce its local presence through the acquisition of one of the main and historic players on the Indian market. For RadiciGroup this is a significant industrial investment in which Ester Industries Ltd is selling its newly-built production plant in the city of Halol (Gujarat), West of India: compound lines, R&D laboratories, customers/suppliers contracts as well as its leading brand Estoplast which includes different types of compounds used primarily in the electrical/electronic and telecommunications markets. Ester Industries Ltd - one of the leading Indian producers of polyester films, engineering plastics and special polymers - has seen in RadiciGroup the ideal partner to follow up on its consolidated experience in the engineering polymers business, in order to focus on the packaging film sector, a business the Indian firm intends to continue and strengthen. The new production site, under construction, will become operational at the beginning of 2023, following the various transfers of tangible and intangible assets. As a result of the acquisition, the Group aims to achieve total annual sales in the Indian market of more than EUR 50 million. www.radicigroup.com
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