Filling and packaging technology developer Krones has bought its long term Chinese partner Shanghai Xiantong Equipment Installation. Under the deal Krones now owns a production site for brewing equipment and other process technology solutions in China.
The company, which will operate under the name Krones Processing (Shanghai), will deliver turnkey process technology solutions, especially for breweries, around the globe. It will remain headquartered in Fengxian District, in southern Shanghai.
Krones says the acquisition represents another important step within its strategy of expanding its global footprint, and will support its efforts to best meet growing local and international demand for customised process technology solutions.
The team of around 170 people at Xiantong covers the entire value chain from engineering to manufacturing to installation and commissioning.
Krones Taicang has partnered with Xiantong on the production, installation, and commissioning of process technology equipment for the past two decades in order to best serve the local market. Krones’ first MicroCube compact brewhouse was manufactured by Xiantong.
Liang Kun, Xiantong’s former owner, will remain with the new company, acting in an advisory capacity. Cheng Feng, previously head of corporate development at Krones Taicang, will take over as managing director.