# Mutares acquires 83.08% stake in TeamTex group

Mutares SE & Co. KGaA signed an agreement to acquire 83.08% of TeamTex Management and its subsidiaries from Nania Developpement and Crédit Mutuel Equity. TeamTex manufactures child restraint systems via plastic injection and blow moulding, with revenues of about EUR 80 million in 2022.

- Type: Acquisition
- Announced: 2023-11-29
- Where: Charvieu-Chavagneux, France
- Jobs: 250
- Status: announced
- Capacity: over 17,000 units per day
- Products: child restraint systems, car seats, plastic injection moulded parts, blow moulded parts
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Mutares](https://endata.com/companies/6466.md) (acquirer)
- [Crédit Mutuel Equity](https://endata.com/companies/6477.md) (partner)
- [TeamTex](https://endata.com/companies/74066.md) (target)
- [Nania Developpement](https://endata.com/companies/74067.md) (partner)

## Sources

- [mutares.com](https://mutares.com/en/fourteenth-acquisition-in-2023-mutares-has-signed-an-agreement-to-acquire-83-08-equity-of-the-teamtex-group-from-nania-developpement-and-credit-mutuel-equity/), 2023-11-29: "Mutares SE & Co. KGaA has signed an agreement to acquire 83.08% of TeamTex Management and its subsidiaries from Nania Developpement and Crédit Mutuel Equity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.