Krones Acquires Majority Interest in Trans-Market Sales & Equipment
August 31, 2016
Krones has acquired a majority interest in Trans-Market Sales & Equipment, Inc., a Tampa-based provider of process engineering and automation solutions for the liquid food industry. The previous owners will retain a minority stake and remain engaged in management; the deal strengthens Krones' process-technology capabilities and North American footprint.
- Buyers
- Krones
- Targets
- Trans-Market Sales & Equipment, Inc.
- Sellers
- Previous owners of Trans-Market (retained minority stake)
- Industry
- Industrial Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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