JBT Corporation has signed an agreement to acquire Wisconsin-based liquid foods solutions provider A&B Process Systems for an undisclosed sum.
A&B specialises in the design, manufacture, automation and installation of liquid food turnkey production systems, including steel process vessels, storage tanks, batch and blend tanks, valve manifolds and process piping installation for food producers. Its acquisition enhances JBT’s liquid foods portfolio and its ability to provide complete solutions to its customers, it said, including its installation and aftermarket business.
It follows less than two months after JBT’s takeover of Dutch liquid foods firm Stork Food & Dairy Systems in a deal worth €47m.
JBT chairman, president and chief executive officer Tom Giacomini said: “We are very pleased to welcome A&B to the JBT team, bringing with it a rich history of serving the food processing industry for more than 40 years.
“This transaction – like the four companies we acquired over the past year and a half – supports our Next Level strategy of acquiring leading companies that strengthen our protein processing and liquid foods portfolios.
“While we have significantly exceeded our Next Level 2017 acquisition growth target, we will maintain our disciplined pursuit of strategic opportunities.”
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