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Press and News

Corporate news release – Krones acquires Trans-Market to strengthen process technology footprint in the US


By acquiring 80 % of the business operations of Trans-Market Sales & Equipment Inc., Krones is strengthening its process technology operations in the USA and expanding its presence in North America: (from left to right) Holger Beckmann, CEO Krones Inc. and Keith Santi, CEO Trans-Market Sales & Equipment Inc.

Krones, a leading manufacturer of filling and packaging technology, has signed and completed the purchase of 80 % of 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. The company has revenues of approximately $30 million and has a workforce of more than 50 employees.

The previous owners of Trans-Market will retain a 20% ownership. Krones is financing the acquisition with available funds.

This acquisition is a further step in the implementation of the Krones strategy to build-up local engineering and sourcing capabilities. 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 the liquid food segment 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.

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2016-08-31

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Press office

Danuta Kessler-Zieroth

Danuta Kessler-Zieroth

Press Officer

Krones AG
Böhmerwaldstraße 5
93073 Neutraubling
Germany

Phone +49 9401 70-2222
Fax +49 9401 70-3496
E-mail

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