Recently, Dover Corporation (DOV - Free Report) acquired Ettlinger Kunststoffmaschinen GmbH and its affiliated entities, in a bid to boost its presence in the plastics and polymers processing equipment industry. Financial terms of the transaction have not been disclosed.
Based in Königsbrunn, Germany, Ettlinger develops and manufactures high-performance filtration systems and custom injection-molding machines. Per the deal, Ettlinger will become part of the Maag business unit within Dover's Fluids segment. Ettlinger’s high-performance filtration systems will fortify Maag’s position in the plastics-processing equipment industry.
On the other hand, Ettlinger is anticipated to benefit from Maag’s global network, strong sales and service channel. Both companies will operate under the existing brand names, post buyout. Ettlinger and Maag will now focus on the integration of the respective teams, to better serve customers through vertically-integrated product offerings and services.
Zacks Rank & Stocks to Consider
Currently, Dover carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the sector are Colfax Corporation (CFX - Free Report) , Atlas Copco AB (ATLKY - Free Report) and Barnes Group Inc. (B - Free Report) . While Colfax sports a Zacks Rank #1 (Strong Buy), Atlas Copco and Barnes Group carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Colfax has a long-term earnings growth rate of 10%. Its shares have rallied 5.3%, over the past six months.
Atlas Copco has a long-term earnings growth rate of 12.5%. The company’s shares have been up 17.9% during the same time frame.
Barnes Group has a long-term earnings growth rate of 10%. The stock has gained 10.8% in six months’ time.
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