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Krones expands its capabilities in the growing pharmaceutical market with the acquisition of US company R+D Custom Automation
Krones, a leading manufacturer of filling and packaging solutions, has acquired 80.5% of R+D Custom Automation LLC (R+D) with effect from 8 November 2022. Based in Wisconsin, USA, R+D supplies machinery and equipment for the production and filling of containers for the pharmaceutical industry. As a full-service system integrator and specialised equipment manufacturer, R+D has been providing custom engineering solutions to the life science industry for over 40 years.
In the 2021 fiscal year, the company generated revenue of some US$43 million with a workforce of more than 60 employees. The purchase price for the stake in R+D is in the mid double-digit millions of US dollars and is met out of available cash funds.
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Krones has an option to buy the remaining 19.5% of the shares in R+D, which remain with the current management.
The acquisition of R+D marks a continuation of Krones’ strategy of additional growth outside the beverage industry. It strengthens Krones’ activities in the attractive life science and pharmaceutical market, which shows above-average growth. In R+D, Krones also gains a highly experienced team with innovative solutions and good customer relationships with established pharmaceutical groups.
About us Krones
The Krones Group, headquartered in Neutraubling, Germany, plans, develops and manufactures machines and complete lines for the fields of process, filling and packaging technology. Its product portfolio is rounded off by information technology, factory planning and prod- ucts from Krones’ subsidiaries as intralogistics, valve production etc.
Whether made out of glass, PET or aluminum – Krones machines and lines process millions of bottles, cans and specially shaped bottles each day. Our customers mainly comprise breweries, water, soft drink and juice manufacturers, as well as dairies and producers of wine, sparkling wine and spirits or companies from the liquid-food field.
Speaking of solutions – whereas Krones manufactured only labellers back in 1951, the year in which it was founded, its product range now extends far beyond conventional machine and line construction: As a systems supplier, we offer our customers all machines and lines, as well as components, intralogistics and IT solutions, that they need for their production.
