Krones, a leading manufacturer of filling and packaging technology, has acquired a majority interest in Trans-Market. 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. The headquarters and management of Trans-Market will remain in Tampa, Florida.
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.”
Krones Inc. is the US subsidiary of Krones AG, Neutraubling, Germany, a world leader in the manufacture of fully integrated packaging and bottling line systems as well as integrated brew house and processing systems, IT solutions and warehouse logistics systems. The company has facilities strategically located around the globe. Krones’ United States headquarters is in Franklin, Wis., a suburb of Milwaukee.
“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.
By acquiring Trans-Market, Krones enhances its process technology capabilities in the US and expands its geographical footprint in North America. 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.
Holger Beckmann (left) President and CEO of Krones Inc. with Keith Santi, President of Trans-Market