# JBT to acquire UK tray-sealing company Proseal for £220 million

JBT Corp. of Chicago agreed to buy United Kingdom-based Proseal, a tray sealing technology maker, for 220 million pounds ($258.67 million), with closing expected in the second quarter of 2021 subject to regulatory approvals.

- Type: Acquisition
- Announced: 2020-11-12
- Where: United Kingdom
- Value: $258.7M (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

- [thepacker.com](https://www.thepacker.com/news/packer-tech/jbt-acquire-tray-sealing-company-proseal), 2020-11-13: "JBT Corp., Chicago, is purchasing United Kingdom-based Proseal, which specializes in tray sealing technology for the produce and other industries."

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