Deutsche Beteiligungs to acquit a majority stake in PM Plastic Materials.

Deutsche Beteiligungs, a private equity investor, agreed to acquit a majority stake in PM Plastic Materials, a producer of pre-wired and empty cable conduits, used primarily for electrical installations. Financial terms were not disclosed. "With DBAG, we have attracted a new shareholder with a longer investment horizon than traditional private equity funds, that not only contributes financial and M&A experience, but will also bring special industrial expertise on board and is familiar with family-owned businesses. We will continue to develop our ambitious strategic plans, to invest in R&D, to be close and to supply added value to our customers and, above all, to enhance even further our human resources," Gianluigi Rapizza, PM Plastic Materials CEO.