Effective Oct. 1, KraussMaffei Group is consolidating its U.S. activities into its Florence, KY site, relocating Netstal USA from its current facility in Devens, MA.
The move comes after the purchase of the KraussMaffei Group (Münich) by private equity firm, Onex (Toronto). That deal, which valued the German manufacturer of injection molding, extrusion, and polyurethane processing equipment at Euro 568 million was announced on Sept. 26, with it expected to be finalized in the first quarter of 2013.
This move will integrate the sales and service activities of Netstal, a Näfels, Switzerland-based supplier of high-speed precision injection molding machinery. Netstal has been in the same portfolio as Krauss Maffei going back to 1992. At that time, Krauss-Maffei AG, under the ownership of Mannesmann Plastics Machinery, acquired a majority share of Netstal-Maschinen AG....