Krupp Werner & Pfleiderer up for sale

DUSSELDORF, Germany (Oct. 18)—Thyssen Krupp Industries A.G. has agreed to sell the plastics machinery assets of its Krupp Werner & Pfleiderer business unit, but for now has retained ownership of the rubber machinery activities, Krupp Elastomertechnik GmbH. Thyssen Krupp plans to sell the plastics machinery activities to a start-up venture involving Georg Fischer Ltd., a German equipment company, and a German/British investor group. Fischer will merge its Waeschle and Buss plastics processing equipment subsidiaries into the new company, which will have annual sales of approximately $350 million. Thyssen Krupp did not comment on the future of the rubber machinery business; last December the company said it was seeking a buyer and/or cooperation partner for the rubber and plastics machinery businesses.