MUNICH, Germany (July 9)—The new owners of Mannesmann Plastics Machinery A.G., which includes rubber extruder maker Berstorff and polyurethane processing equipment maker Krauss-Maffei, plan to take the plastics machinery group public in few years. "Our preferred option would be an (initial public offering)," said Renate Krummer, a managing director of Apax Partners & Co. Ventures Ltd., which closed the deal July 6. Krummer would not rule out selling off part of the six-company group—or making an acquisition to bolster it. Apax and Mannesmann Plastics declined to discuss the transaction price, which was estimated at $675 million in published reports in European media. London-based Apax Partners beat out the other finalist, Investcorp. Apax will offer a group of Mannesmann Plastics executives a stake in the company, including Chairman Wolfgang Vogl, Krummer said. Vogl will continue to be the top executive of the machinery maker, she said.
Mannesmann's owners may take firm public in future
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