Cannon acquires Polytec EMC Engineering and grows in PUR

Cannon Group announced the acquisition of Polytec EMC Engineering, based in Marchtrenk, Austria, from PUR Holding, as part of its strategic strengthening of Cannon Afros in the PUR-based elastomer business. The deal enriches Cannon Afros’ current portfolio with low-pressure, multi-component, PUR and BDO/Amin/MOCA machines, thereby completing its offering to include all elastomer applications. PUR Holding will maintain 25% of the shareholding and continue to support the growth course of Polytec EMC Engineering. 

"In line with our growth strategy and to strengthen our leadership position in the PU industry, we needed to reinforce our offering in the elastomer machinery market," said Marco Volpato, President of Cannon Group. "Acquiring a top player in the industry with a technology that complements our own was the best choice to achieve that goal." All current employees of Polytec EMC Engineering will transfer to Cannon Group. "At Cannon, we are proud of our absolute respect for people. This key value will be the basis for the relationship with the newly acquired company," concluded Marco Volpato.

The Polytec EMC Engineering business, under the name Cannon Polytec EMC, will remain technically independent at the site in Marchtrenk, leveraging the expertise and resource availability of Cannon Afros' R&D. The two departments will collaborate closely and in synergy, exchanging knowledge and developing new ideas jointly. In addition, Polytec EMC Engineering's customers will benefit from having access to Cannon Afros' global technical support.

"The decision to take a step back was submitted to find the perfect fit for Polytec EMC Engineering going forward. It is a boutique company with strong technical expertise and a solid position on the market. With its 60 years of experience in the market, the wide portfolio, and the global presence with branches and subsidiaries, Cannon is the ideal match to consolidate the Polytec EMC business in the future," said Peter Stinshoff, Managing Director of Polytec EMC Engineering. To ensure a smooth and successful transition, Peter Stinshoff will continue to contribute from a managerial and sales perspective, while Johannes Winkler is confirmed as Chief Technology Officer for the long term.

"Polytec EMC is renowned for its strong technical expertise and the high quality and high dosing accuracy of its elastomer casting machines. When we combine this with Cannon’s global reach in the elastomers market, that's a perfect match," said Stefano Andreolli, Sales & Marketing Manager at Cannon Afros. "Cannon's well-established commercial network will give the Polytec EMC Engineering business immediate access to new markets beyond the DACH area, particularly in North America and APAC. For Cannon Afros, the acquisition means we can now offer our clients a complete portfolio of all types of elastomer applications."