Private Equity Firm Onex to Acquire Plastics and Rubber Machinery Company KraussMaffei

Private equity firm Onex (Toronto) today announced that it has agreed to acquire KraussMaffei (Munich), a leading manufacturer of plastic and rubber processing equipment, for €568 million ($729.4 million). The transaction is expected to close by 31 March 2013, subject to customary conditions and regulatory approvals.   KraussMaffei is a global leader in the design and manufacture of machinery and systems for the processing of plastics and rubber. The company manufactures machinery for injection molding, extrusion, and reaction process segments. It has...

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