Machine building section is going its own way
As a spin-off from Kautex Werke, an eventful history began in 1976 for Kautex Maschinenbau. Takeovers by companies did not create any major changes for Kautex. In 2005, the company left these hierarchies behind and finally went back to its roots.
Kautex Machinenbau was established in 1976 as a spin-off and was taken over by Fried. Krupp in 1977. The name was only changed to Krupp Kautex Maschinenbau GmbH in 1980. This is when Kautex Maschinenbau entered a bigger international market. At this time, Krupp also purchased the extrusion blow molding machine builder of the Battenfeld Group (Battenfeld Fischer), without merging it into Kautex. After the merger of Krupp with Thyssen, the ThyssenKrupp group sold its plastics division in the middle of 2000 to SIG AG. It was then decided to merge both machine builders together under the name of SIG Blowtec, which unsettled customers and employees and led to the loss of market share.
Reflecting on its roots
The turning point occurred with the purchase by Adcuram at the start of 2004. The associate company from Munich led Kautex Maschinenbau back to its roots as a medium sized company. Liberated from the group structures, the newly formed management team of Olaf Weiland and Andreas Lichtenauer were able to fully focus on the new organization.
In March 2007, Steadfast Capital, within the framework of a management buyout, together with a management team consisting of 5 members, purchased 100% of the company shares from Adcuram. In close and trusting cooperation with the investors, the sales of the Kautex Group was able to increase by 75 percent over the next six years and this was in spite of declining market demand in 2008 and 2009. At the start of 2013, the associate company from Berlin, Capiton AG, took over from Steadfast Capital as investor. At the same time, the management team, along with other employees of the company, increased its share capital to 50.1 percent and since then has been a major shareholder in the Kautex Group.