About the Deal
KRONES INC., headquartered in Franklin, Wisconsin, is part of Krones Group, 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. With annual revenues of €3.17 billion and over 13,000 employees, Krones Group includes Krones AG and more than 80 sales and service companies around the world.
JAVLYN is a process system integrator headquartered in Rochester, NY. It specializes in highly automated food, dairy, and beverage process systems and is expert in the field of industrial control system integration.
The acquisition represents another step in executing the Krones strategy to expand its process integration capabilities.
BRIDGEWOOD ADVISORS initiated this transaction, assisted in negotiations, and provided strategic and financial advisory services to Krones.