Business Strategy Maag Group to Takeover US-Based Firm CloerenMaag Group has entered into a definitive agreement to acquire Cloeren. (Source: Maag Group)Oberglatt/Switzerland – The Maag Group recently announced that it has signed a definitive agreement to acquire Cloeren Incorporated (Cloeren), based in Orange, (Texas), USA. With Cloeren, Maag Group is gaining a technologically leading partner whose products, expertise, and track record of innovation perfectly complement our existing portfolio. By combining the expertise of both companies, the Maag Group is laying the foundation for further sustainable growth and strengthening its development capabilities across the entire plastics processing value chain. “We are very much looking forward to becoming part of the Maag Group.