Here's yet another change in ownership in the plastics machinery sector: Private equity company Deutsche Beteiligungs AG has an agreement to buy Stuttgart, Germany-based compounding extruder maker Coperion Group. The news release announcing the deal is vague, but hints at growth plans.
Backed by Deutsche Beteiligungs AG and its managed co-investment fund, Coperion plans to expand its service business in the coming years, improve operating processes and exploit market opportunities that arise from the strong and growing demand for its products, particularly in Asia and the Middle East.Coperion is a major player in the extruder market, with 450 million euros in annual sales and a staff of 2,100. In addition to Germany, the company also has manufacturing and product development sites in the United States, India and China. The seller is another financial investor, Lyceum Capital. Private equity buyers are making big waves in plastics machinery right now. Will Husky Injection Molding Systems Ltd. be the next big name in machinery to find a financial buyer?