ChemChina to acquire KraussMaffei for $1 billion

摘要

China National Chemical Corp. (ChemChina; Beijing) says that it has agreed to acquire KraussMaffei Group (Munich, Germany), a manufacturer of machinery and systems for producing and processing plastics and rubber, from private equity firm Onex (Toronto) for ?925 million ($1 billion). KraussMaffei, which was established in 1838, offers plastics and rubber processing machinery and solutions under three brands—KraussMaffei, KraussMaffei Berstorff and Netstal. Its products and services cover the whole spectrum of injection and reaction molding and extrusion technology.