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JBT Corporation acquired Alco food-machines GmbH & Co. KG, effective July 1, 2022, to expand its food processing equipment offering, particularly in convenience meal lines and alternative protein technology.
JBT Corporation acquired Alco-food-machines GmbH & Co. KG, a provider of further food processing solutions and production lines, expanding its product offering in convenience meal lines and alternative protein technology.
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.