Krones to spin off valve technology business as Evoguard

Krones, the world’s market leader for beverage filling and packaging technology, has founded Evoguard GmbH to operate its valve technology business on a stand-alone basis. Krones began to develop its own series of innovative valves that are optimally matched to the needs of the food and beverage industry as well as the dairy sector under the name of Evoguard several years ago. While Evoguard valves find extensively applications in food, beverage and dairy industries, they are also suited for for the pharmaceutical and biotech sectors.
 
In order to accelerate sales growth in sectors outside the food and beverage industry, Krones has spun off its valve technology operations from its core business into a stand-alone unit. As an independent and autonomous company, Evoguard GmbH is benefiting from a favourable cost structure, high flexibility, and the efficient decision-making of a streamlined management structure.