MPM was sold by German engineering conglomerate Siemens to investment company Kohlberg Kravis Roberts (KKR; New York) in 2002; KKR placed it in a holding company, Demag Holding s.a.r.l (Luxemburg), of which KKR held an 81% share and Siemens 19%. Demag Holding sold MPM to Madison Capital this year, closing the sale this month.
The Group includes injection molding machine makers Demag Plastics Group, Krauss-Maffei Kunststofftechnik and Netstal, plus Berstorff, which makes compounding and sheet extruders plus rubber extrusion machinery. Krauss-Maffei also makes extruders and polyurethane processing equipment. In the fiscal year to Sept. 30, 2005, MPM recorded sales of €1.3 billion.