# 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.

- Type: Acquisition
- Announced: 2021-01-05
- Where: Canada, Canada
- Status: completed
- Products: industrial baking equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Unigrains](https://endata.com/companies/3940.md) (investor)
- [Mecatherm](https://endata.com/companies/3941.md) (acquirer)
- [Mecatherm](https://endata.com/companies/3941.md) (partner)
- [ABI GmbH](https://endata.com/companies/44410.md) (target)
- [TMG](https://endata.com/companies/52292.md) (acquirer)
- [ABI Auto-Bake Industries Ltd.](https://endata.com/companies/52293.md) (target)

## Sources

- [mecatherm.fr](https://www.mecatherm.fr/en/news/mosaique/details/tmg-owner-of-mecatherm-acquires-a-majority-stake-in-canadian-based-abi-ltd.html), 2021-01-05: "This transaction strengthens the international footprint of both MECATHERM and ABI LTD and expands their product offerings of innovative solutions for industrial bakers."
- [bakersjournal.com](https://www.bakersjournal.com/tmg-acquires-majority-stake-in-abi-ltd/), 2021-01-05: "With TMG and Unigrains, we have found partners who share our values and our culture."
- [pehub.com](https://www.pehub.com/mecatherm-buys-abi-auto-bake-industries/), 2021-01-13: "France's Mecatherm, a portfolio company of Unigrains Group, has acquired a majority of ABI Auto-Bake Industries, a Toronto-based maker of industrial baking equipment."
- [businessinfocusmagazine.com](https://businessinfocusmagazine.com/2021/12/the-future-of-bakery-automation/), 2021-12-15: "TMG announced it had acquired a majority stake in ABI LTD, inviting the Canadian company to step onto the global stage as a sister company to Mecatherm."

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