# JBT to acquire UK tray sealing technology maker Proseal for £220 million

JBT Corporation signed a definitive agreement to acquire Proseal uk Limited, a tray sealing technology provider headquartered in Adlington, UK, for £220 million before adjustments, with closing expected in Q2 2019.

- Type: Acquisition
- Announced: 2019-04-29
- Where: Adlington, United Kingdom
- Value: $286.0M (220.0M GBP)
- Status: announced
- Products: tray sealing technology, tray sealing machines
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [JBT Corp.](https://endata.com/companies/1030.md) (acquirer)
- [Proseal](https://endata.com/companies/4965.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/jbt-corporation-signs-definitive-agreement-to-acquire-proseal-a-leading-provider-of-tray-sealing-technology-300840139.html), 2019-04-29: "The purchase price is £220 million, before customary post-closing adjustments."
- [packworld.com](https://www.packworld.com/home/press-release/13377644/jbt-corp-to-acquire-proseal), 2019-05-09: "JBT Corp. signed a definitive agreement to acquire Proseal uk Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.