Mould & Matic Solutions, in Micheldorf, Austria, is a supplier of tools and automation to the packaging industry for thermoforming, injection moulding and injection stretch blowing.
"The expertise and technological solutions supplied by Mould & Matic are an ideal complement to our existing range of products for the packaging industry", said Thomas Halletz, CEO, Kiefel.
"This constitutes, together with the recent acquisition of Bosch Sprang, an important milestone in our efforts to offer customers the complete range of systems and services from a single source – from product development right up to downstream equipment."
The Haidlmair Group will take advantage of this transaction to focus on its core business.
"We have decided to sell because we are convinced Mould & Matic will be perfectly at home with its new owner where it can continue to develop efficiently as a useful addition to the existing product portfolio,” added Mario Haidlmair.
Kiefel, based in Freilassing, Germany, has offices in the US, France, the Netherlands, Russia, China, Brazil, Indonesia and India.