- The high-performance plastic parts business of Mann+Hummel Group has total revenues of approximately €500 million
- The business now operates under the name MoldTecs
- MoldTecs supplies all major automotive manufacturers globally
Mutares announced that it has completed the acquisition of Mann+Hummel Group’s high-performance plastic parts business. The business has total revenues of approximately €500 million and supplies all major automotive manufacturers worldwide. The company now operates under the new name Moldtecs as part of the deal.
In addition Mutares and Mann+Hummel have agreed on a production cooperation as part of the transaction.
Mutares is a private equity company based in Munich. PE Hub Europe covered Mutares’ acquisition of a trio of Arriva businesses in September.