Kiefel of Freilassing, Germany - part of the Brückner Group based in Siegsdorf, Germany - intends to acquire a 100% share in Mould & Matic Solutions, which currently belongs to the Austrian Haidlmair Group. Both parties signed a purchase agreement this week, which is still subject to the approval of the cartel authorities.

Mould & Matic Solutions, located in Micheldorf, Austria, is a renowned supplier of tools and of automation solutions to the packaging industry.

"Years of experience as a supplier of systems relating to the thermoforming and injection moulding technology, along with injection stretch blowing, is what has made the company so successful", says Heinz Klausriegler, the CEO of Mould & Matic Solutions. "The professional and dedicated specialists on our staff offer each customer world-class solutions for the entire production process."

"The expertise and technological solutions supplied by Mould & Matic are an ideal complement to our existing range of products for the packaging industry", says Kiefel CEO Thomas J. Halletz. "This constitutes, together with the recent acquisition of Bosch Sprang, an important milestone in our efforts to offer customers the complete range of systems and services from a single source - from product development right up to downstream equipment."

This acquisition marks a further step in the growth strategy of the Brückner Group, which is designed to strengthen the position of existing member-companies by extending the range of products and services available.