G. Fischer set to buy Krupp W&P.(Brief Article)

Plastics News | October 16, 2000| | Copyright

A new plastics compounding machinery giant will emerge from the acquisition of Krupp Werner & Pfleiderer GmbH by the owner of kneading equipment major Buss.

Georg Fischer AG and an investor group agreed to buy Krupp W&P from Thyssen Krupp AG for undisclosed terms. Fischer will combine Krupp W&P with its Buss subsidiary and its Waeschle materials-handling and conveying business.

Fischer plans to spin off the new group in three to five years, probably in an initial public offering, Fischer spokesman Markus Sauter said in a telephone interview from Fischer's ...

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