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Auxiliary firm Una-Dyn gives Piovan US base.
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Plastics News
- Article date:
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October 6, 2008
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Copyright informationCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bill Bregar
Italy's Piovan SpA has purchased Universal Dynamics Inc., a U.S. maker of material conveying and equipment, dryers, loaders, feeders and granulators, in a move Piovan officials said is a key to building Piovan into a global producer of auxiliary equipment.
Una-Dyn, based in Woodbridge, Va., announced the news Sept. 29 on its Web site. Piovan is buying Una-Dyn from Mann+Hummel GmbH of Ludwigsburg, Germany. M+H is a major automotive molder that bought Una-Dyn in 1995 from the Rainville family.
M+H officials said the firm will focus on its core automotive business. Terms were not disclosed.
Una-Dyn President Bill Goldfarb said the auxiliary ...
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