TRANSACTION

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February 2019

Steinbeis Holding Acquires Kruschitz GmbH and Plast Compound

Munich/Völkermarkt, effective February 25, 2019. Steinbeis Holding GmbH is acquiring Kruschitz GmbH and its subsidiary Plast Compound Kunststoffproduktions GmbH to ensure business succession. Androschin & Partner (A&P) supported the transaction by providing due diligence services on behalf of Steinbeis Holding.

INVESTOR

Steinbeis Holding

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TARGET

Kruschitz Plastics & Recycling GmbH

Headquarters
Völkermarkt/Kühnsdorf (AT) + Weißenhorn (DE)
Founded
1956
Additional Information
Revenue: EUR 53 million (2022)
Transaction
Acquisition to Ensure Business Succession

ABOUT THE COMPANY

Kruschitz Plastics & Recycling GmbH

Kruschitz (founded in 1956, known as Steinbeis PolyVert since 2021) is an Austrian plastics recycler with facilities in Völkermarkt and Kühnsdorf (AT) as well as Weißenhorn (DE); the company processes plastic waste (PE-LD, PE-HD, PP, PVC, PS, PET, PA, PMMA) with an input capacity of approximately 100,000 metric tons per year.

ABOUT THE INVESTOR

Steinbeis Holding

Steinbeis Holding is the family office of the Steinbeis family of entrepreneurs, based in Munich.

OUR ROLE

Due Diligence Support

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