Plastech becomes majority owner of Germany's Kautex

Plastech Beteiligungs GmbH is now the majority owner of Kautex Maschinenbau GmbH after acquiring 74.9 percent of the company's shares in January. Founded in 2017, Plastech is a Vienna-based industrial holding company that invests in small and mid-sized plastics companies; Kautex is a blow molding machinery manufacturer based in Bonn, Germany. Over the past dozen years, Kautex has more than doubled its revenues, earning more than $173 million in 2017.