Krones acquires Germany-based MHT

Krones strengthens its PET capabilities

0
321
Pet bottle plant- Krones

Krones, a leading manufacturer of filling and packaging solutions, has acquired MHT Holding AG. MHT, based in Hochheim, Germany. Krones has also acquired its subsidiaries which specialize in providing injecting molding tools and services to the PET industry. The company generates approximately 25 million revenues with 125 employees.

The acquisition of MHT improves Krones PET value chain. It also represents an upstream extension of the Krones portfolio into tooling for PET preform manufacturing. The demand for such integrated solutions has increased lately. MHT’s headquarter will remain at Hochheim and the current management will continue to run the business.

Krones acquired 70% in Integrated Plastics Systems AG, Switzerland, in April 2018. Integrated Plastics Systems AG focuses on providing PET injection molding solutions for the beverage industry. The acquisitions of MHT and Integrated Plastics Systems AG are together enhancing the Krones PET competence and portfolio.

Previous articleUPM Raflatac to exhibit at stand M10, Labelexpo India
Next articleDurst to exhibit with Printronics at Labelexpo India -stand N18
Priyanka Sharma
Editorial Correspondent After completing 2 years of internship in science communication from the government institute National Institute of Science Communication and Information Resources, (CSIR-NISCAIR), Priyanka joined Packaging South Asia and Indian Printer and Publisher magazines in October 2018. She is keen to learn and write about the technologies involved in publishing, printing and packaging industry.

LEAVE A REPLY

Please enter your comment!
Please enter your name here