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Precision Motors Deutsche Minebea GmbH (PMDM), based in Villingen-Schwenningen, Germany, acquires Mast Kunststoffe GmbH & Co.KG, based in Bad Waldsee, Germany. The transaction is part of a company succession plan and yet subject to the approval by the antitrust authorities.
The acquisition of Mast Kunststoffe by PMDM opens significant perspectives, growth opportunities and synergies for the international group of companies. With this acquisition, PMDM strengthens and broadens its product range in the development and production of drive components. The new owner aims to consolidate and expand the site in Bad Waldsee as a European competence center for precision plastic parts in the field of gear and drive components. Mast Kunststoffe will continue to operate as usual under the new ownership.
After almost 30 years of joint management, the brothers Peter and Ulrich Mast see Mast Kunststoffe in good hands with PMDM, both with regard to the continuation of the business and the future strategy.
Ulrich Mast said: “We are pleased to have found in PMDM a strategic and very dynamic partner with whom we have already worked well and trustfully for many years, and with whom we can address the challenges of the future. We very much appreciate that the new owner expressed his explicit wish to maintain and further expand all existing customer relationships.“
Peter Mast added: “The continuation of the company by PMDM secures and strengthens the jobs of our employees. This has been an important goal of the succession plan.“ The Mast brothers will continue to be available to the new owner and the employees in their function as managing directors for the coming years.
Precision Motors Deutsche Minebea GmbH is the largest motor development center in the international network of the Japanese MinebeaMitsumi Group. In addition to drive systems for the industry and the automotive sector, PMDM’s product portfolio also comprises hard disc drive motors, highly efficient electronically commutated BLDC motors and energy harvesting systems. PMDM currently has around 400 employees in Villingen-Schwenningen.
Mast Kunststoffe was founded in 1960 by Franz Mast as a plastics processing company and made itself a name with the manufacturing of precision plastic parts in an at that time still new industry. After the early death of Franz Mast, his sons Dipl.-Kaufm. Peter Mast and Dipl.-Ing. Ulrich Mast became the new managing shareholders at the beginning of the 1990s and developed the company into one of today’s leading suppliers of tool-bound plastic gear and drive components. Today, Mast Kunststoffe employs 130 people at its site in Bad Waldsee.
Carlsquare acted as the exclusive financial advisor to Mast Kunststoffe GmbH & Co.KG.