New owner for Kautex

German extrusion blow moulding (EBM) machinery maker Kautex has a new owner, Berlin-based investor Capiton that has bought over Steadfast Capital’s equity. In 2007, Steadfast together with five members of the management team, bought 100% of the shares held by Munichbased investment firm Adcuram.

"Over the last six years, our close working relationship with Steadfast Capital has helped us to increase Kautex's sales by 75%, despite the slump in demand experienced in 2008 and 2009. We have invested in design and development, sales and customer service, and we are particularly proud of our new Technikum, which we opened in 2012,” said CEO Olaf Weiland. With this latest change in investors, the management has increased its equity to 50.1% and now holds a majority share in Kautex. The transaction was financed by Capiton’s IV fund and bank loans. Since leaving the SIG Group in 2004, Kautex has grown steadily, with sales in excess of EUR100 million. The firm produces EBM machinery for automotive applications (such as fuel tanks), packaging and other specialided fields at its plants in Germany and China.


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