JBT Corporation acquires European filling and sterilisation provider
JBT Corporation has announced it will acquire European filling and sterilisation solutions specialist Stork Food & Dairy Systems for €47 million.
Stork Food & Dairy Systems designs, manufactures and supplies integrated aseptic processing and sterilisation technologies, and filling systems, to beverage and food processing companies.
The company specialises in extending the shelf life of packaged foods, including standard and flavoured milk, coffee drinks, cream, yoghurt, desserts, fruit juices, soups and sauces.
Steve Smith, executive vice president and president of JBT FoodTech, a technology solutions provider to the food processing industry, said the acquisition will significantly strengthen the company’s ability to provide complete solutions to customers in the liquid foods industry.
Tom Giacomini, JBT’s chairman, president and chief executive officer, 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.”
The transaction is expected to close in the third quarter of 2015.
Australian brand Rosella celebrates 130 years
Aussie brand Rosella celebrates its 130-year milestone with the release of special-edition 130th...
IFPA ANZ honours Michael Simonetta with award
The International Fresh Produce Association ANZ (IFPA ANZ) has awarded its first-ever Lifetime...
ACCC commences informal review of a proposed acquisition by Lactalis
ACCC is seeking submissions for its informal competition assessment as Lactalis proposes to...
