M&A Deal Summary

JBT Acquires Proseal UK

On April 29, 2019, JBT acquired machinery company Proseal UK for 220M GBP

Acquisition Highlights
  • This is JBT’s 11th transaction in the Machinery sector.
  • This is JBT’s largest (disclosed) transaction.
  • This is JBT’s 3rd transaction in the United Kingdom.

M&A Deal Summary
Date 2019-04-29
Target Proseal UK
Sector Machinery
Buyer(s) JBT
Deal Type Add-on Acquisition
Deal Value 220M GBP

Target

Proseal UK

Cheshire, United Kingdom
website
Proseal UK Ltd. is a provider of tray sealing technology for the food industry. Tray sealing is a packaging technology used across a broad spectrum of food products, including ready meals, fresh produce, sandwiches, and proteins, that enhances freshness and flavor by sealing the product with film over a preformed tray. Proseal UK Ltd. was founded in 1998 and is based in Cheshire, United Kingdom.

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Buyer(S) 1

Buyer

JBT

Chicago, Illinois, United States

website

Category Company
Founded 1994
Sector Machinery
Employees7,200
Revenue 2.2B USD (2022)
DESCRIPTION

JBT is a global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT was incorporated in 1994 and is based in Chicago, Illinois.

DEAL STATS #
Overall 13 of 18
Sector (Machinery) 11 of 13
Type (Add-on Acquisition) 10 of 15
Country (United Kingdom) 3 of 4
Year (2019) 2 of 2
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 LEKTRO

Warrenton, Oregon, United States

LEKTRO, Inc. is a manufacturer of electric aviation ground support equipment based in Warrenton, Oregon. We produce a wide variety of towbarless aircraft pushback tractors, each uniquely suited for their class of operation. Whether you need to move a piston-engined aircraft, business jet, commercial airliner, or a military aircraft, there is a LEKTRO model built for you.

Buy $48M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 AutoCoding Systems

Cheshire, United Kingdom

AutoCoding Systems Ltd. is a provider of software solutions for the automated set-up and control of end-of-line packaging devices. AutoCoding Systems is based in Cheshire, United Kingdom.

Buy $17M
Mergr

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