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KRONES AG M&A Activity 2018
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M&A Activity
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News Details
Corporate | 4 October 2018 11:00
Krones AG: Acquisition of W.M. Sprinkman Corporation / Krones strengthens its Process Technology in the US
DGAP-News: Krones AG / Key word(s): Mergers & Acquisitions
04.10.2018 / 11:00
The issuer is solely responsible for the content of this announcement.
Corporate news release
Acquisition of W.M. Sprinkman Corporation
Krones strengthens its Process Technology in the US
Krones, the world’s leading manufacturer of filling and packaging technology, has completed the acquisition of W.M. Sprinkman Corporation, Wisconsin, US. Founded in 1929, Sprinkman provides engineered food and beverage processing equipment, specializing in the dairy and brewing industries. Employing over 125 employees at its Waukesha and Elroy, Wisconsin locations, the company serves customers ranging from start-up microbreweries to large multi-national food and beverage producers. Sprinkman generates approximately $35 millions in revenues.
By acquiring Sprinkman, Krones and its other recent acquisitions enhance the capabilities of the “House of Krones” product portfolio in North America, ranging from process technology solutions and bottling and packaging equipment to intralogistics, IT solutions, plastics recycling, and entire lifecycle service support – thereby supporting the entire production supply chain for customers. Sprinkman’s headquarter and management will remain in Waukesha, Wis., with a production facility in Elroy, Wis.
Contact:
Olaf Scholz
Head of Investor Relations, Krones AG
Phone: +49 9401 70-1169
E-mail: [email protected]
04.10.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Krones AG |
| Böhmerwaldstraße 5 | |
| 93073 Neutraubling | |
| Germany | |
| Phone: | +49 (0)9401 701169 |
| Fax: | +49 (0)9401 709 1 1169 |
| E-mail: | [email protected] |
| Internet: | www.krones.com |
| ISIN: | DE0006335003 |
| WKN: | 633500 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |