Rheinmetall has sold its 93.7 per cent stake in Jagenberg to the Kleinewefers group for an undisclosed sum. The deal, which follows the recent sale of the Lemo bag and pouch making machinery business to Zurich investment house Tequity, completes its divestment of Jagenberg.
Kleinewefers has a Munich based subsidiary which supplies machinery and plant for production and conversion of film and laminates. This business will now benefit from the indirect take-over of Jagenberg’s Kampf operation.
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