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 €3.7 billion and over 15,000 employees, Krones Group includes Krones AG, headquartered in Neutraubling, Germany, and more than 80 sales and service companies around the world.
W.M. SPRINKMAN CORPORATION produces exceptionally engineered food and beverage processing equipment, specializing in the dairy and brewing industries. Employing over 125 employees at its Waukesha and Elroy, Wisconsin locations, the company serves customers ranging from start-up microbreweries to large multi-national food and beverage producers.
The acquisition of Sprinkman enhances Krones’ process engineering and manufacturing capabilities, and adds to a network of sister acquisitions including Trans-Market, Javlyn Process Systems, and Process and Data Automation.
Bridgewood Advisors Inc. initiated this transaction, assisted in negotiations, and provided strategic and financial advisory services to Krones Inc.