MGS acquires European firm Formteknik

Jan. 11, 2021

MGS has acquired Formteknik, a European supplier of tooling solutions with operations in Denmark, Sweden and Germany.

In a statement, MGS said the acquisition will strengthen its ability to serve its customers in the health care, packaging, automotive and consumer industries in Europe and North America.

Paul Manley, MGS’ president and CEO, said “We are excited to welcome Formteknik to MGS. Culturally, we have tremendous alignment — everything our organizations do revolves around delivering superior solutions for our customers.”

Based in Germantown, Wis., MGS is a single-source provider of tooling, injection molding and automation equipment technology for the plastics industry.