DGAP-News: Krones AG: Acquisition of W.M. Sprinkman Corporation / Krones strengthens its Process Technology in the US

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