10 November 2018 | News | By NFS Correspondent
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 €25 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.