JBT Corporation has agreed to acquire European filling and sterilization solutions specialist Stork Food & Dairy Systems in a deal worth €47m.
Amsterdam-based Stork designs, manufactures and supplies integrated aseptic processing and sterilization technologies and filling systems to beverage and food processing companies worldwide.
The company specialises in extending the shelf life of packaged foods commonly found on supermarket shelves and in restaurants around the world – including coffee drinks, fruit juices and a number of dairy products. JBT is expected to close on the acquisition during the third quarter of this year.
JBT FoodTech executive vice president and president Steve Smith said: “We are very excited to add complementary aseptic and thermal processing and filling technologies to JBT’s Liquid Foods product portfolio.
“This acquisition will significantly strengthen our ability to provide complete solutions to our customers in the global liquid foods industry. We also are very pleased to welcome Stork Food & Dairy Systems employees to the JBT family.”
JBT chairman, president and chief executive officer Tom Giacomini added: “Stork Food & Dairy Systems B.V. will be our second acquisition in the liquid foods sector, following the purchase of ICS Solutions in 2014. These two acquisitions, along with our purchase of Formcook AB and Wolf-tec Inc. in 2014, support our next level strategy of acquiring leading companies that strengthen our protein processing and liquid foods.”
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