mpm group sold
Demag Holding S.à.r.l., Luxemburg, has sold mannesmann plastics machinery, Munich, Germany, to the mpm management and a group of investors represented by Madison Capital Partners, Chicago, USA. They take over 100 % of the shares of Demag. Krauss-Maffei, Netstal, Berstorff and Demag Plastics belong to mpm, a group which has its roots in the old Mannesmann group. In 2002 seven former Mannesmann and Siemens companies were united in the Demag Holding which was owned by private equity house KKR KKR Kohlberg Kravis Robert (81 %) and Siemens 19 %).