GESCO SE Divests AstroPlast Kunststofftechnik

GESCO SE has announced the sale of AstroPlast Kunststofftechnik GmbH & Co. KG to its managing director, Dennis Gattermann. The completion of this management buy-out is scheduled by the end of the current financial year. AstroPlast, which employs around 70 people and generates €15 million in sales, is known for producing large technical parts and products from thermoplastics. The specifics of the transaction remain undisclosed, but both parties anticipate benefits.

This strategic move allows GESCO to refine its portfolio and focus on companies with international potential. AstroPlast gains autonomy to expand independently. CEO Johannes Pfeffer highlights this development as beneficial for both entities, promoting profitability for GESCO and growth for AstroPlast.