Krones strenghtens PET capabilities with acquisition of MHT

Filling and packaging solutions provider Krones has acquired MHT Holding AG (MHT). Based in Hochheim, Germany, MHT together with its subsidiaries is providing injecting moulding tools and services to the PET industry. The company generates approximately EUR25 million revenues with 125 employees.

The acquisition of MHT represents an extension of the Krones PET product portfolio into tooling for PET preform manufacturing and thus closes a gap in the Krones PET value chain. Krones can now offer a broader portfolio of PET capabilities for customers in the beverage industry, who increasingly demand integrated solutions. Acquiring MHT enables Krones to close the PET cycle, from PET preform manufacturing and stretch blow moulding all the way through to PET recycling – and then back to the manufacture of a new preform.

MHT’s headquarters 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 focusing on providing turnkey PET injection moulding solutions for the beverage industry. The acquisitions of MHT and Integrated Plastics Systems AG will both enhance Krones’s PET competence and portfolio, says the German company.

In October Krones also acquired US-based equipment manufacturer WM Sprinkman, which produces a range of manufacturing equipment for clients in the dairy, liquid food and brewing industries. The company serves customers ranging from start-up microbreweries to large multi-national food and beverage producers. Sprinkman generates approximately US$35 million in revenues.

Krones also this year acquired the business operations and assets of Shanghai Xiantong Equipment Installation. The Chinese company has been a partner and supplier to Krones in the field of process technology for many years. Krones Taicang has partnered successfully with Xiantong on the production, installation, and commissioning of process technology equipment for the past 20 years.