Victrex Acquires Kleiss Gears to Bolster PEEK Gears Growth
PEEK resin producer buys specialist in injection molding gears.
Victrex, West Coshohocken, Pa., has acquired polymer gears specialist Kleiss Gears, Grantsburg, Wis. Kleiss designs, prototypes, and injection molds standard-size and micro gears, with particular expertise in molding PEEK. In moving downstream in this manner, Victrex is aiming to accelerate the adoption of its Victrex PEEK in gear applications to meet the needs of the automotive industry.
The strategic decision to acquire Kleiss Gears is consistent with the goal to provide improved service, specifically on PEEK-based gears, bringing much-needed capability for engineering design, tooling, and durability testing. According to David Hummel, Victrex CEO, “The market for PEEK gears is still much in its infancy, and in order to facilitate market growth, Victrex has identified that an integrated capability is needed to provide the right robust gear solution in order to meet the high demands of Tier 1 and OEM customers.”
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