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  • Written on 20.06.2012 - Industry
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KraussMaffei for sale?

According to Bloomberg news from today (20 July 2012) KraussMaffei is looking for buyers.

The Bloomberg article said that “KraussMaffei Group, the German maker of machinery for processing plastics that is owned by Madison Capital Partners, is working with Goldman Sachs Group Inc. (GS) to find a buyer, people familiar with the process said. The company, which employs 3,900 and was previously owned by KKR & Co. and Siemens AG (SIE), may fetch as much as 700 million euros (USD 883 million) based on an initial assessment, said two of the people, who asked not to be identified because the plans are private. Information has been sent out to potential bidders, which include private equity firms and trade buyers, they said.”

(Source: Bloomberg www.bloomberg.com/news/2012-06-19/kraussmaffei-said-to-hire-goldman-sachs-to-explore-sale.html)

Contacted by Dr. Gupta Verlag this morning, Imre Szerdahelyi, Head of Corporate Communication and Marketing at KraussMaffei, had no comment.


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