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Dover Buys Ettlinger to Grow in Plastics & Polymers Industry


Recently, Dover Corporation DOV 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.

Dover Corporation Price

Dover Corporation Price | Dover Corporation Quote

In 2016, Dover acquired Tokheim Group S.A.S., Fairbanks Environmental LTD, ProGauge and Wayne Fueling Systems Ltd. to expand its Fluids segment's retail-fueling portfolio. The segment’s revenues grew 36% year over year in the last reported quarter.

In addition to the above-mentioned acquisitions, Dover projects that strong retail fueling, industrial pump, and hygienic & pharma pump markets will drive growth for the segment in the near term.

Share Price Performance

Dover’s shares have outperformed the industry it belongs to over the past year. The stock has gained around 31.4% compared with 30.5% growth recorded by the industry during the same time frame.

Zacks Rank & Stocks to Consider

Currently, Dover carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the sector are Colfax Corporation CFX, Atlas Copco AB ATLKY and Barnes Group Inc. B. 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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