JBT Corporation Completes Acquisition of Liquid Foods Solutions Provider

Aug 03, 2015, 08:30 ET from JBT Corporation

CHICAGO, Aug. 3, 2015 /PRNewswire/ -- JBT Corporation (NYSE: JBT), a global technology solutions provider to the food processing and air transportation industries, announced today the completion of its previously disclosed agreement to acquire the shares of Stork Food & Dairy Systems B.V. ("Company").  The agreement to purchase the shares was announced on July 17, 2015.  The purchase price was €47 million, before customary post-closing adjustments.

JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries.  JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment.  JBT Corporation employs approximately 3,600 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries.  For more information, please visit www.jbtcorporation.com.

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control.  These risks and uncertainties are described under the caption "Risk Factors" in the Company's 2014 Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website.  The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.

 

SOURCE JBT Corporation



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