# JBT Corporation to acquire Proseal for £220 million

JBT Corporation has signed a definitive agreement to acquire Proseal, a provider of tray sealing technology to the food industry, for approximately £220 million. Closing is expected in the second quarter of 2019.

- Type: Acquisition
- Announced: 2019-10-17
- Where: Adlington, Cheshire, United Kingdom
- Value: $286.0M (220.0M GBP)
- Jobs: 350
- Status: announced
- Products: 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

- [factoryandhandlingsolutions.co.uk](https://factoryandhandlingsolutions.co.uk/proseal-to-be-acquired-by-us-corporation-in-220m-deal/), 2019-10-17: "We are delighted to announce that Proseal is to become part of JBT, which will significantly enhance our global presence."

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