GLENDALE, Wis. – Ampco Pumps Company and Kroneshave entered an agreement for Krones to acquire 90% of Ampco Pumps Company. Ampco manufactures centrifugal and positive displacement pumps and mixing and blending equipment for the food, beverage, marine and industrial markets. Krones has an option to buy the remaining shares in Ampco, which currently remain with company management. Current Ampco management will remain in place.
With 75 years of history in pump manufacturing, Ampco Pumps Company is a key player for sanitary pumps in the North American food and beverage market. The two companies complement each other perfectly in regional terms.
Holger Beckmann, president and CEO of Krones Inc added “The acquisition of Ampco is a major step in enhancing the Krones Processing Group portfolio and will provide a broader distribution network.”