Onex acquires KraussMaffei for €568 million

KraussMaffei, headquartered in Munich, Germany, is a leading supplier of machinery and systems for processing plastics and rubber for the automotive, packaging, medical, construction, electrical, and home appliance industries. It currently employs around 4000 people.

KraussMaffei has been collaborating with fellow German processing machinery specialist Dieffenbacher in the development of an automated production line for the high-pressure resin transfer moulding (HP-RTM) process. (See Lightweight automotive design with HP-RTM.)

Onex is listed on the Toronto Stock Exchange (TSX: OCX). Its businesses have assets of $39 billion, generate annual revenues of $34 billion and employ approximately 235,000 people worldwide.