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.
TRANS-MARKET INC., is a leader in sanitary process systems, serving the food, beverage and pharmaceutical industries. The company designs and builds turnkey process systems with services including engineering, automation, installation, distribution and maintenance. The company is headquartered in Tampa, Florida with offices in Dallas, Texas and San Antonio, Texas.
The acquisition of Trans-Market enhances Krones’ process technology capabilities in the U.S. and expands its geographical footprint in North America.
BRIDGEWOOD ADVISORS initiated this transaction, assisted in negotiations, and provided strategic and financial advisory services to Krones.