KraussMaffei Group consolidates U.S. operations, shifts Netstal to Kentucky site
By PlasticsToday Staff
Published: October 1st, 2012
Effective Oct. 1, KraussMaffei Group is consolidating its U.S. activities into its Florence, KY site, relocating Netstal USA from its current facility in Devens, MA.
The move comes after the purchase of the KraussMaffei Group (Münich) by private equity firm, Onex (Toronto). That deal, which valued the German manufacturer of injection molding, extrusion, and polyurethane processing equipment at Euro 568 million was announced on Sept. 26, with it expected to be finalized in the first quarter of 2013…