MHT acquisition strengthens Krones' PET capabilities
German company MHT Holding, which, along with its subsidiaries, offers a variety of injection moulding tools for food and beverage packaging producers, has been acquired by Krones.
Generating around €25 million annually and employing 125 people, MHT will close a gap in the Krones PET product portfolio. Krones will now be able to offer integrated solutions from PET preform manufacturing and stretch blow moulding all the way through to PET recycling — and then back to the manufacture of a new preform.
MHT will continue to be headquartered in Hochheim and the current management will continue to run the business.
This latest acquisition follows Krones buying 70% of Integrated Plastics Systems AG last April 2018. The acquisitions of MHT and Integrated Plastics Systems AG are both enhancing the Krones PET competence and portfolio.
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