M&A Deal Summary

JBT Acquires Bevcorp

On September 1, 2022, JBT acquired packaging company Bevcorp for 290M USD

Acquisition Highlights
  • This is JBT’s 1st transaction in the Packaging sector.
  • This is JBT’s 2nd largest (disclosed) transaction.
  • This is JBT’s 8th transaction in the United States.
  • This is JBT’s 1st transaction in Ohio.

M&A Deal Summary
Date 2022-09-01
Target Bevcorp
Sector Packaging
Buyer(s) JBT
Deal Type Add-on Acquisition
Deal Value 290M USD

Target

Bevcorp

Eastlake, Ohio, United States
Bevcorp is a provider of equipment and aftermarket support for the beverage processing and packaging market in the United States. The business provides core technology solutions in blending, handling, filling, and closing to a range of diverse customers, including blue chip companies. Bevcorp is based in Eastlake, Ohio.

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Buyer(S) 1

Buyer

JBT

Chicago, Illinois, United States
Category Company
Founded 1994
Sector Machinery
Employees5,100
Revenue 1.7B USD (2023)
DESCRIPTION

JBT is a global technology solutions provider to food processing and air transportation industries. JBT 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 18 of 18
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 15 of 15
State (Ohio) 1 of 1
Country (United States) 8 of 8
Year (2022) 2 of 2
Size (of disclosed) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Alco-food-machines

Bad Iburg, Germany

Alco-food-machines is a provider of further food processing equipment and production lines. Alco-food-machines was founded in 1977 and is based in Bad Iburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 JBT s AeroTech Business

Chicago, Illinois, United States

JBT's AeroTech Business is a provider of aviation ground support products, gate equipment and airport services to commercial airlines, airports, air-freight carriers, ground handling and military customers. JBT's AeroTech Business is based in Chicago, Illinois.

Sell $800M
Mergr

Product

Company

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