JBT Corporation Acquires Leading UK Commercial Oven Manufacturer
CHICAGO, May 12 /PRNewswire-FirstCall/ -- JBT Corporation (NYSE: JBT) today announced that its JBT FoodTech business acquired the assets of Scottish-based Double D Food Engineering Ltd. (Double D). Double D is a UK leader in designing, manufacturing and servicing custom built ovens for bakery and protein products. Terms of the transaction were not disclosed.
The acquisition of Double D will further enhance JBT FoodTech's solutions for the bakery market through Double D's complementary bakery offering. Additionally, the flexibility in design and production capacity of Double D's ovens will expand JBT FoodTech's offerings within the global protein processing segment.
"Double D provides cooking technologies that complement and extend our product portfolio of ovens," stated Torbjorn Arvidsson, Vice President and Division Manager for JBT FoodTech's Food Solutions and Services Division. "We are excited about this opportunity to leverage JBT's global capabilities to market Double D's products around the world."
JBT Corporation (NYSE: JBT) is a leading 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 Corporation employs approximately 3,400 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com or www.jbtfoodtech.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation
CONTACT: Investors, Cindy Shiao, +1-312-861-5931, or Media,
Ken Jones, +1-312-861-6791, both for JBT Corporation