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.