Krones acquires Germany-based MHT

Krones strengthens its PET capabilities

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MHT
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.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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