Krones acquires Chinese process technology company
Manufacturer of filling and packaging technology Krones has acquired its long-term Chinese partner and supplier Shanghai Xiantong Equipment Installation.
Operating under the name Krones Processing (Shanghai), the new company will deliver turnkey process technology solutions around the globe, especially for breweries.
Under the acquisition, Krones now owns a production site for brewing equipment and other process technology solutions in China. It expands the company’s global footprint and caters to growing local and international demand for customised process technology solutions.
The team of around 170 people covers the entire value chain from engineering to manufacturing to installation and commissioning.
The acquisition builds on Krones Taicang and Xiantong’s 20-year partnership which saw them produce process technology equipment for the local market. For example, Krones’ first MicroCube compact brewhouse was manufactured by Xiantong.
Company headquarters will continue to be in Fengxian District, in southern Shanghai, but there will be a leadership change. Xiantong’s former owner, Liang Kun, will act in an advisory capacity in the new company, and the previous head of corporate development at Krones Taicang, Cheng Feng, will take over as Managing Director.
Ferrero to acquire WK Kellogg Co for US$3.1bn
Italian sweet maker Ferrero Group has reached an agreement to purchase US breakfast cereal maker...
AFGC's videos busting myths about processed food
The Australian Food and Grocery Council has launched four new videos on YouTube aimed at...
Sunshine Sugar appoints new CEO
Sunshine Sugar has appointed Adam Viertel as its new Chief Executive Officer, replacing...