Mutares has successfully completed the acquisition of the high-performance plastic parts business of MANN+HUMMEL Group

• Total revenues of approx. EUR 500 million
• Strengthening the Automotive & Mobility segment
• Synergy effects with LMS and SFC Solutions Group
• Company now operates under the name MoldTecs

Munich, 4 October 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of MANN+HUMMEL’s high-performance plastic parts business, which strengthens the Automotive & Mobility segment under the new name MoldTecs.

The acquired segments comprise MANN+HUMMEL’s global business for special high-performance plastic parts. The company employs around 1,500 people at its production sites in Bad Harzburg, Sonneberg (Germany) and Laval (France) and supplies all major automotive manufacturers worldwide. MoldTecs will additionally benefit from synergies with LMS and SFC Solutions Group, which together can already offer their customers an extensive product portfolio of injection molded components and elastomeric parts worldwide and will also be complemented by MoldTecs’ technology portfolio in the future. In addition, Mutares and MANN+HUMMEL have agreed on a production cooperation as part of the transaction, which will contribute to total revenues of EUR 500 million.