Krones, a leading manufacturer of filling and packaging technology, has acquired a majority interest in the business of Trans-Market Sales & Equipment, Inc. Trans-Market is based in Tampa, Florida, and is a proven leader in providing process engineering and automation solutions for the liquid food industry. “We are excited to add the skilled employees, depth of experience and resources of Trans-Market to the Krones family,” said Holger Beckmann, president and CEO of Krones Inc.

The previous owners of Trans-Market will retain a minority share and will continue to be actively engaged in the management and operation of the business. Keith Santi, CEO of Trans-Market, stated, “Partnering with Krones was a unique opportunity to continue to build the business my father founded 47 years ago. Most importantly, we‘re looking forward to bringing new capabilities to our customers and new opportunities to our employees.”

By acquiring Trans-Market, Krones enhances its process technology capabilities in the US and expands its geographical footprint in North America. Besides Tampa, Florida, Trans-Market operates two locations in Texas. Together with the capabilities of Trans-Market, Krones can offer its customers in North America the complete product portfolio ranging from process technology solutions, filling and packing equipment to logistical solutions, and thereby cover the entire plant of its customers.

Trans-Market will be part of the “Machines and Lines for beverage production/Process Technology” Segment. The headquarters and management of Trans-Market will remain in Tampa, Florida.

 

Source : finance.yahoo.com

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