Japan's Sumitomo looks at Demag firms

Vink, David
January 2008
Plastics News;1/14/2008, Vol. 19 Issue 45, p1
Trade Publication
The article reports on Japan's Sumitomo Heavy Industries Ltd., showing interest in acquiring sister companies Demag Ergotech and Van Dorn Demag. According to the author, Demag units are currently owned by Madison Capital Partners, a Chicago-based private equity firm. Moreover, news of the deal came from German cartel office, which included the acquisition of Schwaig, Germany-based Demag Ergotech and Strongsville.


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