KB Components Group acquires Innotech Precision Inc.
KB Components Group, a part of BrA Invest, hereby announces that it has acquired Innotech Precision Inc. in Toronto, Canada. The company has a turnover of 16 MCAD, has approx. 60 employees and will become a subsidiary of KB Components Canada Inc.
Innotech Precision Inc., a leading North American injection molding company, excels in the production of functional and complex plastic components for automotive and industrial applications. The company has state-of-the-art electric injection molding machines with a high degree of automation. Innotech uses several complex technical materials and focuses on vertical and horizontal injection molding machines with 1K and 2K technology as well as value-added post-molding processes.
Innotech was founded as a special division for the manufacture of molding tools within Noma Industries. Since then, the company has evolved under the leadership of Rudy Koehler Sr., the former CEO of Noma. Today, Innotech is widely recognized for its quality and has quickly become a major supplier to the world’s leading OEMs in automotive and industrial applications.
Rudy Koehler Jr. expressing his enthusiasm for the new partnership, saying “We are delighted to be partnered with KB. Our business philosophies align perfectly, and we feel that the future of our organization and our customers is in good hands with the KB team.”
Stefan Andersson, CEO of BrA Invest, is enthusiastic about the acquisition and says, “Innotech impresses us with its quality and capability. This is the perfect addition we have been seeking for our expansion in North America.”
David Ulrich, President of KB Components Canada Inc., emphasized that Innotech’s high quality standards and expansion capabilities makes it a valuable acquisition. He added that it also enables KB to access customers and markets previously not available.
KB Components Group, with over seven decades of experience, specializes in the design, development and manufacture of premium plastic components for, among others, the automotive, medical and consumer goods industries.