Krones has acquired the business operations and assets of Shanghai Xiantong Equipment Installation company for an undisclosed sum, expanding its position in the Chinese market.
The company will now operate under the name Krones Processing (Shanghai) Co, and will deliver turnkey process technology solutions for clients around the globe, with a particular focus on the brewing industry.
Krones says that the acquisition now owns a production site for brewing equipment and other process technology in China for the first time, expanding its global manufacturing presence.
Prior to the acquisition, Krones’ Taicang division worked closely with Shanghai Xiantong over a 20-year period to produce process technology equipment for the Chinese market.
A statement from Krones said: “The acquisition represents another important step within Krones’ strategy of expanding its global footprint.
“The acquisition of Xiantong’s operations will support Krones’ efforts to best meet growing local and international demand for customised process technology solutions.”
© FoodBev Media Ltd 2019