Krones has an option to buy the remaining shares in Ampco in the future.
Krones, a manufacturer of processing, filling, packaging
and related technologies, has signed an agreement to acquire 90% of Ampco Pumps
Co.
Headquarterd in Glendale, Wis., Ampco manufactures sanitary pumps, mixing,
and blending equipment for the food, beverage, dairy, personal care and pharmaceutical
industries. Krones has an option to buy the remaining 10% of the shares in Ampco at
some point in the future, which currently remain with company management.