Krones has purchased 100% of the stock in HST Maschinenbau GmbH, a German company located in Mecklenburg-Western Pomerania that designs and manufactures homogenizers and reciprocating pumps for the food and beverage industries.
In 2012, HST Maschinenbau GmbH achieved a turnover of almost €5 million ($6.88 million) with 25 employees.
The price for the stock is in the mid-single-figure-million range.
With this strategic decision, Krones is planning to upgrade its future corporate capabilities in the field of process technology, designed for producing juices and milk, and to expand its global service and maintenance business in this sector.
The agreement is still subject to approval by the antitrust regulators.
