New investor buys stake in Kautex Group

PLASTICS NEWS REPORT

Published: February 7, 2013 11:13 am ET
Updated: February 7, 2013 12:35 pm ET

BONN, GERMANY -- Berlin-based investment company Capiton AG has purchased Steadfast Capital GmbH's stake in blow molding machinery company Kautex Maschinenbau GmbH.

Since leaving SIG Group in 2004, Bonn-based Kautex Maschinenbau has grown and now has annual sales of more than 100 million euros ($135 milion). That's up from about 63 million euros during the recession year of 2009.

"Over the last six years, our close working relationship with Steadfast Capital has helped us to increase the Kautex Group's sales by 75 percent, despite the slump in demand experienced in 2008 and 2009," said Olaf Weiland, CEO of Kautex Maschinenbau, in a news release.

"We have invested in design and development, sales and customer service, and we are particularly proud of our new Technikum, which we opened in 2012," he said.

Capiton's purchase was approved Jan. 18 by Germany's Federal Cartel Authority. Terms were not disclosed.

The purchase also marks a milestone for Kautex managers, which now own a majority in the equity of the company: 50.1 percent.

Kautex management and Munich-based Adcuram Industriekapital AG bought the company from SIG. When Steadfast bought out Adcuram's share, Kautex managers owned 23 percent of the equity.

Weiland said Kautex is now the leader in the global market for extrusion blow molding machines. Kautex has long been known for machines to mold multilayer plastic tanks and industrial parts, but in recent years it has pursued business machine machines for consumer and industrial packaging.


Comments

New investor buys stake in Kautex Group

PLASTICS NEWS REPORT

Published: February 7, 2013 11:13 am ET
Updated: February 7, 2013 12:35 pm ET

Post Your Comments


Back to story

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events