JBT increases presence in fresh-cut equipment market
Increased consumer demand for ready-to-eat fresh produce has resulted in a rapid expansion in the fresh-cut equipment market.
Not to be left behind, JBT Corporation has purchased Netherlands-based FTNON, a leading equipment specialist for the fresh produce, ready meal and pet food sectors, for $50.5 million (before customary post-closing adjustments).
With a presence in more than 60 countries, FTNON provides a range of state-of-the-art technology for food processors including pre-cleaning, produce preparation and mixing systems.
Tom Giacomini, JBT’s Chairman, President and Chief Executive Officer, said: “FTNON provides us entry into the fresh-cut equipment market, tapping the rapidly expanding demand for ready-to-eat fresh produce.
“It also brings robotic technology for cutting, coring and peeling fruits and vegetables — a valuable capability that reduces customers’ labour requirements. As part of JBT, we foresee opportunities to expand FTNON’s global penetration, grow its aftermarket business and enhance profitability.”
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