Extrusion blow molding machinery manufacturer Kautex Maschinenbau, who has declared its German productionsite in Bonn to be insolvent since last year, found its new buyer.

According to German newspaper General-Anzeiger Bonn, the buyer is Jwell Machinery, the Chinese leading extru-sion machinery manufacturer.

AndresPartner, a German consulting firm, stated that Kautex"s Bonn site, with large proportion of current jobs (155 po-sitions) retained, will continue its full operation under new management.

Based on an unnamed source, Adsale Plastics Network (AdsaleCPRJ.com) learns that this acquisition does not in-clude Kautex's Shunde plant in China.

Headquartered in Bonn, Kautex has been in business for over eight decades, with production facility in both Germany and China. Previous bankruptcy and the recent acquisition did not affect Kautex's production facility in Shunde,Guangdong,China.

More about Jwell

Found in 1997, Jwell Machinery is one of the leading manufacturers of plastic extrusion machinery in China, with eight production bases in Zhoushan, Shanghai,Suzhou, Changzhou, Haining,Foshan, Chuzhou and Bangkok, Thailand.

The company owns more than 20 holding professional companies and an annual output of more than 3.000 sets of high-end plastic extrusion lines and other complete sets of equipment.