By Bill Bregar, Plastic News Staff
Munich, Germany -- Reuters is reporting that an undisclosed Chinese machinery group is poised to buy KraussMaffei Group from Madison Capital Partners, a Chicago-based investment firm.
Reuters cited "two people close to the transaction" who were not identified in its 20 Sept story.
The news service does not name the possible Chinese buyer, but lists three Chinese companies that were "initially interested" but are no longer are in talks with Madison Capital: major plastics machinery players Haitian International Holdings Ltd and Chen Hsong Holdings Ltd, and a third company, called Long Hong.
A longer version of this story appears on our sister publication, Plastics News