End User News - Beverage Cans

KraussMaffei to part ways: Krones to acquire Netstal Maschinen AG

AL Circle

Krones has revealed plans for the forthcoming acquisition of Netstal Maschinen AG (Netstal), headquartered in Naefels, Switzerland, from KraussMaffei.

KraussMaffei to part ways: Krones to acquire Netstal Maschinen AG

{alcircleadd}

Krones provides comprehensive solutions for the beverage and food industries, encompassing process technology, filling technology, packaging machines, and IT solutions. Their lines handle millions of glass bottles, cans, and PET containers daily, serving breweries, beverage bottlers, and food producers globally. Offering individual machines as well as complete production lines, Krones caters to diverse needs across the industry.

On February 8, 2024, the parties entered into a purchase agreement. However, the transaction is contingent upon receiving approval by the pertinent antitrust laws.

Krones anticipates finalising the transaction during the initial six months of 2024.

Based in Neutraubling, Germany, the company boasts a global workforce of approximately 17,200 individuals. In 2022, its consolidated sales reached €4.209 billion, with approximately 90 per cent of Krones’ products being distributed internationally.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals

Alternate Text
CETAG

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Related
Business Leads
Interested to buy aluminium aerosol can machine (used) with ...
26-Feb-2024 Buying request

Interested to buy Jindal Domal Series 21241. Destination - ...
11-Oct-2023 Buying request

Interested to buy aluminium powder Mesh size 15...
06-Oct-2023 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads