Krones, a manufacturer of filling and packaging solutions, has acquired MHT Holding AG (MHT).
MHT, based in Hochheim, Germany, together with its subsidiaries is providing injecting moulding tools and services to the PET industry.
The company employs 125 people and generates approximately €25 million (approximately £21.8 million) in revenue.
The acquisition of MHT represents an extension of the Krones PET product portfolio into tooling for PET preform manufacturing, closing a gap in the Krones PET value chain.
Krones will now offer a broader portfolio of PET capabilities for customers in the beverage industry.
Krones says acquiring MHT enables it 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 headquarter will remain at Hochheim with the current management to continue to run the business.
In April 2018, Krones acquired 70 per cent in Integrated Plastics Systems AG, Switzerland.
Integrated Plastics Systems AG is focussing on providing turnkey PET injection moulding solutions for the beverage industry.
The acquisitions of MHT and Integrated Plastics Systems AG aim to enhance Krones PET competence and portfolio.
