Krones strengthens its PET capabilities
November 8, 2018
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 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 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 focusing on providing turnkey PET injection molding solutions for the beverage industry. The acquisitions of MHT and Integrated Plastics Systems AG are both enhancing the Krones PET competence and portfolio.