Krones AG: Acquisition of MHT - Krones strenghtens its PET capabilities
8 November 2018
Acquisition of MHT
Krones strenghtens its PET capabilities
Krones, a leading manufacturer of filling and packaging solutions, has acquired MHT Holding AG (MHT). MHT, based in Hochheim, Germany, together with its subsidiaries is providing injecting molding tools and services to the PET industry. The company generates approximately EUR25 million revenues with 125 employees.
The acquisition of MHT closes a gap in the Krones PET value chain and represents an upstream extension of the Krones portfolio into tooling for PET preform manufacturing. Customers increasingly demand such integrated solutions. Together with MHT, Krones can now offer a broader portfolio for PET solutions.
MHT's headquarter will remain at Hochheim with the current management to continue to run the business.
In April 2018, Krones acquired 70% in Integrated Plastics Systems AG, Switzerland. Integrated Plastics Systems AG is focussing on providing turnkey PET injection molding solutions for the beverage industry. The acquisitions of MHT and Integrated Plastics Systems AG are both enhancing the Krones PET competence and portfolio.
Contact: Olaf Scholz Head of Investor Relations, Krones AG Phone: +49 9401 70-1169 E-mail: firstname.lastname@example.org
08.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Krones AG Böhmerwaldstraße 5 93073 Neutraubling
Germany Phone: +49 (0)9401 701169 Fax: +49 (0)9401 709 1 1169 E-mail: email@example.com Internet: www.krones.com ISIN: DE0006335003 WKN: 633500 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of News DGAP News Service