Krones, a German technological service provider has acquired a 45 percent equity stake in Perfinox, a Portugal-based food processing business.
Krone did not disclose not disclose the cost of the acquisition but noted that the deal will strengthen its presence in the food processing industry, particularly in West Africa.
Anthony Osunde, head of sales for Krones, who disclosed this at the Agrofood and Plastprint Conference on Tuesday, revealed that with the new acquisition, the organisation will now be able to process heavy liquids such as ketchup, soups, puree, and sauces in both small and large scales.