TMG acquires majority stake in ABI LTD

TMG, owner of MECATHERM, acquired a majority stake in ABI Auto-Bake Industries Ltd., a Canadian designer and manufacturer of industrial baking equipment, supported by Unigrains.

“This transaction strengthens the international footprint of both MECATHERM and ABI LTD and expands their product offerings of innovative solutions for industrial bakers.”mecatherm.fr

• 4 sources
• mecatherm.frTMG, owner of MECATHERM, acquires a majority stake in Canadian-based ABI LTD | MecathermJan 5, 2021
• bakersjournal.comTMG Acquires Majority Stake In ABI Ltd. - Bakers JournalJan 5, 2021
• pehub.comPE-backed Mecatherm buys ABI Auto-Bake Industries | PE HubIris DorbianJan 13, 2021
• businessinfocusmagazine.comThe Future of Bakery Automation - Business In Focus MagazineMargaret Patricia EatonDec 15, 2021

Summarized from public sources; check the original articles before acting on it.