Krones creates new subsidiary
Krones transfers valve technology business to its new subsidiary Evoguard GmBH.
January 20, 2014
by Canadian Packaging Staff
Krones, the world’s market leader for beverage filling and packaging technology, has founded Evoguard GmbH to operate its valve technology business on a stand-alone basis. Evoguard GmbH is located in Nittenau, Germany, and is owned 100% by Krones AG. The company started its business operations in Nittenau at the beginning of January 2014.
Krones began to develop its own series of innovative valves that are optimally matched to the needs of the food and beverage industry as well as the dairy sector under the name of Evoguard several years ago. Thanks to long years of experience in valve development and an extensive knowledge of its customers’ requirements, Krones is now able to offer a complete, cutting-edge product range that is not only an attractive proposition for the food, beverage and dairy industries but also ideally suited for the pharmaceutical and biotech sectors.
In order to accelerate sales growth in sectors outside the food and beverage industry, Krones has spun off its valve technology operations from its core business into a stand-alone unit. As an independent and autonomous company, Evoguard GmbH is benefiting from a favourable cost structure, high flexibility, and the efficient decision-making of a streamlined management structure.
Evoguard valves are produced in Nittenau, where the 4,000m2 production and administration building houses the R&D, design, sales and assembly operations. In the years ahead, Evoguard will provide reliable components and quality “Made in Germany” to modern production facilities of existing and new customers and achieve profitable growth.
For more information, visit www.krones.com.