Extruder manufacturer Battenfeld-Cincinnati Group has been purchased by investment firm Industrie Holding Nimbus, Zeist, Netherlands. The companies did not disclose terms. Battenfeld-Cincinnati, with headquarters in Bad Oeynhausen, Germany, and Vienna, said it will now be able to focus on product development and strengthening its market position. The company had been owned by Zweite VR Trust Beteiligungs UG.
"We are delighted to have a new investor in Nimbus that will actively support and advance the new developments and growth plans of the Battenfeld-Cincinnati group," said CEO Gerold Schley.
