Krones Acquires MHT
Extension of Portfolio into Tooling for PET Preform Manufacturing
The manufacturer of filling and packaging solutions Krones, Neutraubling, Germany, has acquired MHT Holding AG (MHT). MHT, based in Hochheim, Germany, together with its subsidiaries is providing injecting molding tools and services to the PET industry. The company generates approximately €25 million revenues with 125 employees.
The acquisition of MHT represents an upstream extension of the Krones portfolio into tooling for PET preform manufacturing..Together with MHT, Krones can now offer a broader portfolio for PET solutions.
MHT’s headquarter will remain at Hochheim with the current management to continue to run the business.
In April 2018, Krones acquired 70 % in Integrated Plastics Systems AG, Switzerland. Integrated Plastics Systems AG is focussing on providing turnkey PET injection molding solutions for the beverage industry.
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