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Plastech to acquire majority stake in Kautex Maschinenbau Group

By Jenny Eagle contact

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Plastech is to acquire majority stake in Kautex Maschinenbau Group. Pic: Plastech
Plastech is to acquire majority stake in Kautex Maschinenbau Group. Pic: Plastech

Related tags: Investment

Plastech is to acquire a 74.9% stake in Kautex Maschinenbau Group, with the deal expected to close in March.

The Austrian company takes over from previous investor capiton Berlin, which had acquired its shares in the Kautex Holding in January 2013. 

The Kautex management team, under Dr. Olaf Weiland and Andreas Lichtenauer, will retain a significant investment in the company.

CEO 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 particularly like Plastech’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 said. 

Overcoming our customers’ challenges is one of our key competencies and this focus is shared by our new majority shareholder.​”

Kautex Maschinenbau has enjoyed above-average growth over the past 12 years. The company’s revenue increased from approximately €60m ($73m( in 2006 to over €140m ($171m) in 2017. 

Plastech is an independent industrial holding company that invests in small to medium-sized companies in the plastics sector.

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