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Article: SIG makes moves to focus on core market; SIG acquires N. American tooling business. (Cover Story).(buys Ryka Blow Molds Ltd., Canada)
- Article from:
- Plastics News
- Article date:
- October 21, 2002
- Author:
CopyrightCOPYRIGHT 2002 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: Joseph Pryweller
In an unusual marriage, Swiss machinery maker SIG Group has purchased Ryka Blow Molds Ltd., handing SIG its first tooling capabilities in North America.
Few machinery companies, at least on the North American continent, had gone after an existing toolmaker, said Dave Brown, president and chief executive officer of tooling company StackTeck Systems Inc. of Brampton, Ontario. The venerable Ryka, celebrating its 30th year in business, is considered one of North America's largest blow mold producers.
``They are absolutely a top-notch shop and, without a doubt, pushing the envelope,'' Brown said. Ryka is based near ...