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MPM restructures plastics machinery.

Mannesmann Plastics Machinery GmbH, Munich, the world's largest maker of plastics and rubber machinery, announced a restructuring of its operations. MPM, owned since mid-2006 by the investment firm Madison Capital Partners of Chicago, will be integrated into a "new Krauss-Maffei" that will be an integrated, flat organizational structure that can respond more quickly to customers.

MPM will merge the extrusion operations of Berstorff GmbH with Krauss-Maffei Kunststoff-technik GmbH into the "new Krauss-Maffei" based in Munich.

Meanwhile, Netstal-Maschinen AG, its Swiss injection machine maker, will become a subsidiary of Krauss-Maffei. Another injection machinery operation, Demag Plastics Group, will remain an independent entity, managed separately from the new Krauss-Maffei.
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Title Annotation:Your Business: In Brief
Publication:Plastics Technology
Date:May 1, 2007
Words:107
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