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JBT Corporation acquired Avure Technologies, Inc. for $57 million, before post close adjustments.
JBT Corporation announced it has purchased Avure Technologies, Inc., a leading provider of high pressure processing (HPP) systems, for $57 million. Avure is headquartered in Erlanger, KY, with a manufacturing center in Middletown, OH.
HPP South Africa opened a state-of-the-art high-pressure processing (HPP) plant in Midrand, South Africa, offering contract tolling services. The company secured an exclusive license from Avure Technologies.