Engel Acquires Equity In Omnexus

05 April 2001

Engel has acquired an equity stake in Omnexus, the B2B global plastics e-marketplace. Engel joins previously announced founding and leadership suppliers: ATOFINA, BASF AG, Bayer AG, Biesterfeld, Clariant, Dow Chemical, DSM, DuPont, Ellis & Everard, PolyOne, Resinex & Ravago, Solvay and Ticona. ""Engel's decision to make a financial investment in Omnexus demonstrates both its commitment and understanding of the approach that we are taking in regards to machinery,"" said Jonathan Greenspahn, vice president equipment, tooling, and MRO. ""We are both excited and pleased that Engel has seen the value that Omnexus can bring to machinery suppliers and plastics processors.""
Engel is the first equipment supplier announced by Omnexus, and clearly demonstrates the intention of Omnexus to expand its business model far beyond resins. Omnexus members will now have the ability to select, compare and purchase a wide range of injection moulding machines as well as purchase resins and search for content. Additionally, Omnexus expects to announce new technological capabilities in the near future that will provide functionality to address the equipment, tooling and MRO needs of plastics processors. ""Developing processes to simplify business, ordering and communication systems is consistent with our customer strategy,"" stated Dr. Peter Neumann, president of Engel. ""Omnexus and their focus on meeting the total needs of the plastics processor will make it possible for customers to utilise their technical requirements to create the best plastic machine solution from Engel.""

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