KRONES AG — M&A Activity 2015

Apr 8, 2015

News Details

Corporate | 8 April 2015 15:15

Krones AG: Krones acquires labeller manufacturer Gernep

Krones AG / Key word(s): Acquisition

2015-04-08 / 15:15

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Corporate News Release

08.04.2015

Krones acquires labeller manufacturer Gernep

Krones AG, Neutraubling, Germany, the world’s leading manufacturer of beverage filling and packaging technology, has purchased a 100 % stake in the Gernep Group, Barbing, Germany. As an international vendor of labellers in the low and medium output ranges, Gernep offers customised solutions. Besides the beverage industry, the company’s principal markets are food, cosmetics and pharmaceuticals. Krones is thus strengthening its activities in these market segments.

Gernep is a profitable company with revenue of more than 10 million euros, and just under 100 employees. The firm will continue in the future to operate autonomously with the existing management and sales structures. The transaction is still subject to approval by antitrust authorities.

Your contact person:

Olaf Scholz

Head of Investor Relations at KRONES AG

Tel.: +49 9401 70-1169

Email: olaf.scholz@krones.com

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Language:	English
Company:	Krones AG
	Böhmerwaldstraße 5
	93073 Neutraubling
	Germany
Phone:	+49 (0)9401 701169
Fax:	+49 (0)9401 709 1 1169
E-mail:	investor-relations@krones.com
Internet:	www.krones.com
ISIN:	DE0006335003
WKN:	633500
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart

End of News	DGAP News-Service

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