PE Deals

Mutares picks-up plastic parts business of Mann+Hummel Group

Mutares and Mann+Hummel have agreed on a production cooperation as part of the deal.

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  • 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.