PlastiVation: Strategic and personnel changes

Bengt Schmidt leaves the company. (Image credit: PlastiVation Machinery GmbH)

- Founder and CEO Bengt Schmidt steps back from the company
- PlastiVation receives a strategic investor with Tederic Machinery
- PlastiVation remains an independent German company

After a three-year development phase and successful transformation from a German machinery startup to a respected and established company in the plastics industry, founder and CEO Bengt Schmidt is stepping back. It is planned to fill the position of managing director internally. As part of a change in shareholders, PlastiVation Machinery GmbH will remain an independent company and become part of Tederic Machinery.

Bengt Schmidt leaves the company as part of a change in shareholders

"Three great years are behind us. I am very proud that we have developed from a machinery startup founded on March 29, 2021, into a respected and established company in the plastics industry, which is highly valued by customers, business partners, market observers, and even competitors. After this intensive period, I have decided to step back from the company as part of the change in our shareholders or new owner of PlastiVation. I will accompany the handover process to the new owner or my successor and dedicate myself to new professional challenges after my departure. I thank my entire team for their incredibly passionate, always customer-focused, reliable, and highly committed efforts over the past three years. I will always remain closely connected to the team and the company," says Bengt Schmidt, founder and CEO of PlastiVation Machinery GmbH.

It is planned to fill the position of managing director internally. A decision is expected shortly and will be announced in due course.