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Plastech acquires majority share in Kautex Maschinenbau

Vienna-based investment firm Plastech Beteiligungs GmbH has purchased a 74.9 per cent stake in Kautex, which is headquartered in Bonn, Germany.


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January 22, 2018 by Canadian Plastics

Extrusion blow molding machinery maker Kautex Maschinenbau Group has a new majority owner.

Vienna-based investment firm Plastech Beteiligungs GmbH has purchased a 74.9 per cent stake in Kautex, which is headquartered in Bonn, Germany.

Plastech takes over from the previous investor capiton AG (Berlin), which had acquired its shares in the Kautex Holding GmbH in January 2013.

In a statement, Plastech said that the Kautex management team, under Dr. 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 statement also said, “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.”

According to Weiland, the majority acquisition by Plastech is the “perfect opportunity” to advance the long-term development of Kautex 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,” Weiland said. “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.”

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

The transaction is expected to close by March 2018.