Onex Corporation acquires KraussMaffei in €568m deal

Onex Corporation is set to acquire plastic and rubber processing equipment manufacturer KraussMaffei for €568m (£451m).

The transaction is expected to close by 31 March 2013, subject to customary conditions and regulatory approvals.

KraussMaffei is based in Munich, Germany, and manufactures machinery for the injection moulding, extrusion and reaction process segments.