JBT Corporation Acquires Proseal UK Limited and Prime Equipment Group, Inc.
June 3, 2019
JBT Corporation completed the acquisition of Proseal UK Limited (tray sealing technology) and Prime Equipment Group, Inc. (turnkey primary and water re-use solutions for the poultry industry). The purchases (approximately $280 million for Proseal and $65 million for Prime) expand JBT's FoodTech capabilities to offer fuller line solutions for poultry customers and to accelerate deployment of automation and water-reuse technologies internationally.
- Buyers
- JBT Corporation
- Targets
- Proseal uk Limited, Prime Equipment Group, Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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