M&A Deal Summary

JBT Acquires Cooling and Applied Technologies

On September 19, 2016, JBT acquired machinery company Cooling and Applied Technologies for 90M USD

Acquisition Highlights
  • This is JBT’s 6th transaction in the Machinery sector.
  • This is JBT’s 6th largest (disclosed) transaction.
  • This is JBT’s 3rd transaction in the United States.
  • This is JBT’s 1st transaction in Arizona.

M&A Deal Summary
Date 2016-09-19
Target Cooling and Applied Technologies
Sector Machinery
Buyer(s) JBT
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

Cooling and Applied Technologies

Conway, Arizona, United States
Cooling and Applied Technologies, Inc. is a manufacturer of value-added food solutions, primarily for the poultry industry.

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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 6 of 18
Sector (Machinery) 6 of 13
Type (Add-on Acquisition) 4 of 15
State (Arizona) 1 of 1
Country (United States) 3 of 8
Year (2016) 2 of 3
Size (of disclosed) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 Novus X-Ray

Blue Bell, Pennsylvania, United States

Novus X-Ray LLC is a provider of advanced X-ray food inspection systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Tipper Tie

Apex, North Carolina, United States

Tipper Tie, Inc. is a provider of engineered processing and packaging solutions, and related consumables to the food industry. The company develops a fully automatic rotary packaging machine, upon which vacuum packed bags were positioned and clipped by a specialized Tipper Clipper.

Buy $160M
Mergr

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