# John Bean Technologies acquires Alco-Food-Machines for $45.1M

John Bean Technologies Corporation (JBT) acquired Alco-Food-Machines GmbH & Co. KG on July 1, 2022, for $45.1 million. The purchase was funded with cash and borrowings under JBT's revolving credit facility.

- Type: Acquisition
- Announced: 2022-07-01
- Where: Bad Iburg, Germany, Germany
- Value: $45.1M
- Status: completed
- Products: food processing machinery
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [John Bean Technologies Corporation](https://endata.com/companies/63837.md) (acquirer)
- [Alco-Food-Machines GmbH & Co. KG](https://endata.com/companies/63838.md) (target)

## Sources

- [au.marketscreener.com](https://au.marketscreener.com/quote/stock/JBT-MAREL-CORPORATION-3860953/news/John-Bean-Technologies-Corporation-acquired-Alco-Food-Machines-Gmbh-Co-Kg-40882753/), 2022-06-30: "John Bean Technologies Corporation (NYSE:JBT) completed the acquisition of Alco-Food-Machines Gmbh & Co. Kg for $45.1 million on July 1, 2022."
- [nasdaq.com](https://www.nasdaq.com/articles/john-bean-jbt-buys-alco-expands-growth-in-food-processing), 2022-07-04: "John Bean Technologies Corporation JBT has recently acquired a foremost provider of food processing solutions and production lines, Alco-food-machines GmbH & Co. KG (Alco)."

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