Change of ownership

Plastech acquires majority share in the Kautex Maschinenbau

Marketing - Wednesday, 24 January 2018

Vienna-based Plastech Beteiligungs is the Kautex Maschinenbau Group’s new majority shareholder after acquiring a 74.9% stake. The Austrian company takes over from the previous investor capiton (Berlin), which had acquired its shares in the Kautex Holding in January 2013. The Kautex management team under Olaf Weiland and Andreas Lichtenauer will retain a significant investment in the company.

Kautex Maschinenbau has enjoyed above-average growth during the last twelve years. The company’s revenue increased from approximately 60 million euros in 2006 to over 140 million euros in 2017. Financial investors played an important role in making this achievement possible.

CEO Olaf Weiland sees the majority acquisition by Plastech as the perfect opportunity to advance the long-term development of the company with the support of a medium-sized principal shareholder. “We are very pleased with the partner we have found in Plastech and the entrepreneurs behind the company”, commented Weiland. “We particularly like the company’s focus on the plastics technology sector, on profitable growth achieved with a customer-centric approach, innovation and digitalization, and on taking a long-term approach to business”, he added. Weiland also welcomed the fact that the partners are focused on the same important competencies. “Overcoming our customers’ challenges is one of our key competencies and this focus is shared by our new majority shareholder”.

Kautex Maschinenbau is very grateful to the previous principal shareholder capiton for its full support during the last five years. Its investment was key to enabling the leading manufacturer of extrusion blow moulding machines to further develop its customer service and packaging business with a view to long-term success. The company was also able to invest in its workforce and in a state-of-the-art machine production facility.

Plastech is an independent industrial holding company, which invests in small to medium-sized companies in the plastics sector. The people behind Plastech have long-standing experience in the plastics industry. As a long-term owner, Plastech actively supports the strategic development of its investments.

The approval of the competition authorities is required before the deal can be closed, which is expected in March 2018 at the latest.

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