JBT Corporation has agreed to acquire Avure Technologies, a US-based provider of high-pressure processing (HPP) systems, for $57 million.
Kentucky-headquartered Avure operates a manufacturing centre in Ohio, where it makes technology for the cold pasteurisation of juices through HPP. The process means that food can be processed safely without heat or preservatives, which maintains the fresh food characteristics such as flavour and nutritional value, while extending shelf life.
The acquisition of Avure is expected to add annual revenue of approximately $50 million.
JBT FoodTech president Steve Smith said: “We are excited about the rapidly expanding market adoption of HPP across protein and liquid foods. With the addition of Avure, JBT will be able to offer comprehensive thermal and non-thermal preservation solutions.”
And Tom Giacomini, JBT’s chairman, president and chief executive officer, added: “As part of JBT, Avure will benefit from our global salesforce, service support and extensive customer relationships, as well as our commitment to developing solutions that maximise customer profitability.”
© FoodBev Media Ltd 2017