Krones AG: Acquisition of W.M. Sprinkman Corporation / Krones strengthens its Process Technology in the US
October 04, 2018 at 05:05 am EDT
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DGAP-News: Krones AG / Key word(s): Mergers & Acquisitions
Krones AG: Acquisition of W.M. Sprinkman Corporation / Krones strengthens its Process Technology in the US
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: olaf.scholz@krones.com
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:
investor-relations@krones.com
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
Krones AG is a Germany-based designer, developer and manufacturer of processing, packaging and bottling machines and systems. The Company focuses on stretch blow-molding technology, filling and closing technology, aseptic filling, labeling, direct-printing and dressing technology, inspection and monitoring technology, cleaning technology, rinsers and pasteurizers, packing and palletizing technology, conveyor technology, systems engineering, process technology, brewing technology, information technology, polyethylene terephthalate (PET) recycling plants and factory planning. In addition to that, the Company provides logistics services to the food and beverage industry, as well as information technology (IT) solutions under the SitePilot brand.
KRONES AG 
