KAUTEX MASCHINENBAU
Austrian holding company acquires majority / Links with Engel companies
 From right, Paul Neumann (Plastech), Olaf Weiland (Kautex) and Andreas Denkmann (Capiton) are happy about the deal (Photo: Kautex) |
Plastech Beteligungs (Vienna / Austria) is acquiring 74.9% of Kautex Holding (Bonn / Germany; www.kautex-group.com) from a fund run by Capiton (Berlin / Germany; www.capiton.de), Kautex's employee-owned holding and the Kautex management. A specialist company for blow moulding technology, Kautex will continue to be led by the current management team under Olaf Weiland and Andreas Lichtenauer, which is retaining its "significant holding". A purchase price is not being disclosed. The closing of the transaction still requires approval from the antitrust authorities and should take place in March 2018 at the latest.
With 530 employees in Germany and a further 170 employees worldwide, Kautex Maschinenbau reported sales of more than EUR 140m in 2017. The company, which can look back over a long tradition, sees itself as the world's leading manufacturer of extrusion blow moulding systems for the automotive sector (especially fuel tanks), packaging and special applications.
Kautex was taken over by its management in 2007 in a supported buyout, which acquired a majority 50.1% with the entry of Capiton at the start of 2013 – see Plasteurope.com of 06.02.2013. Plastech is now intending to "actively further develop the Kautex Group together with the management." It supports the approach that has been adopted and will be investing in digitisation, innovation and the range of services offered.
Plastech was founded on 23 August 2017 as an industrial holding company for long-term acquisitions and growth financing of medium-sized companies in the plastics industry. Its main shareholder, at 38%, is Unternehmens Invest (UIAG, Vienna; www.uiag.at), which founded Plastech together with undisclosed co-investors.
Under the terms of the Kautex deal, UIAG claims to be investing EUR 15.5m in the form of equity and subordinated shareholder loans. In addition to its future holding in Kautex, Plastech already has a 25.1% stake in Bage Recycling (St. Marien / Austria, www.bage-plastics.com), which processes plastics recovered from old refrigerators.
"The people behind Plastech have many years of experience in the plastics industry," says UIAG. One of the UIAG board members and shareholders, as well as co-owner and managing director of Plastech, is Paul Neumann. He is one of the sons of Peter Neumann, who retired in November 2016 after 35 years in management functions at Engel (Schwertberg / Austria; www.engelglobal.com), the family-run world leader in injection moulding machines (see Plasteurope.com of 02.03.2016).
Paul Neumann told Plasteurope.com that together with his brother Bernd Neumann, he has a majority holding in Plastech. In addition, Otto Urbanek, another well-known player in the German-speaking plastics machinery industry, has a 10% holding in Plastech and is also a member of the supervisory board of UIAG. Peter Neumann has no official functions or holdings in the company but works for Plastech in an advisory capacity.
With 530 employees in Germany and a further 170 employees worldwide, Kautex Maschinenbau reported sales of more than EUR 140m in 2017. The company, which can look back over a long tradition, sees itself as the world's leading manufacturer of extrusion blow moulding systems for the automotive sector (especially fuel tanks), packaging and special applications.
Kautex was taken over by its management in 2007 in a supported buyout, which acquired a majority 50.1% with the entry of Capiton at the start of 2013 – see Plasteurope.com of 06.02.2013. Plastech is now intending to "actively further develop the Kautex Group together with the management." It supports the approach that has been adopted and will be investing in digitisation, innovation and the range of services offered.
Plastech was founded on 23 August 2017 as an industrial holding company for long-term acquisitions and growth financing of medium-sized companies in the plastics industry. Its main shareholder, at 38%, is Unternehmens Invest (UIAG, Vienna; www.uiag.at), which founded Plastech together with undisclosed co-investors.
Under the terms of the Kautex deal, UIAG claims to be investing EUR 15.5m in the form of equity and subordinated shareholder loans. In addition to its future holding in Kautex, Plastech already has a 25.1% stake in Bage Recycling (St. Marien / Austria, www.bage-plastics.com), which processes plastics recovered from old refrigerators.
"The people behind Plastech have many years of experience in the plastics industry," says UIAG. One of the UIAG board members and shareholders, as well as co-owner and managing director of Plastech, is Paul Neumann. He is one of the sons of Peter Neumann, who retired in November 2016 after 35 years in management functions at Engel (Schwertberg / Austria; www.engelglobal.com), the family-run world leader in injection moulding machines (see Plasteurope.com of 02.03.2016).
Paul Neumann told Plasteurope.com that together with his brother Bernd Neumann, he has a majority holding in Plastech. In addition, Otto Urbanek, another well-known player in the German-speaking plastics machinery industry, has a 10% holding in Plastech and is also a member of the supervisory board of UIAG. Peter Neumann has no official functions or holdings in the company but works for Plastech in an advisory capacity.
24.01.2018 Plasteurope.com [238851-0]
Published on 24.01.2018
German version of this article...