Eastern strengthens its Big 3 Precision blow mold tooling business with the acquisition of Hallink RSB Inc.04/09/20
August 10, 2020 - The Eastern Company (NASDAQ-EML) (the "Company" or "Eastern"), a diversified provider of niche industrial products and services, today announced that it has acquired specific assets of Hallink RSB Inc. ("Hallink"). Hallink is a leading supplier of blow molds and change parts to the food, beverage, healthcare and chemical industry. Hallink specializes in the design, development and manufacture of 2-step stretch blow molds, and related components for the stretch blow molding industry offering integrated turnkey solutions to its customers worldwide. Hallink will be part of Eastern’s Big 3 Precision Product’s subsidiary. According to Mr. Todd Riley, Big 3 Precision's President, “The acquisition of Hallink is an important step in our commitment to expand the product offering, service capability and geographic reach of our Big 3 Precision Mold business." Mr. Riley continues that "we believe that Hallink’s complimentary products and capabilities offer significant potential synergies and can create material incremental value through shared know-how and strong relationships across an even broader customer base."
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