Tray sealing company Preoseal was bought by JBT Corporation in a deal worth GBP 220 million ($283 million). With this move, JBT is expanding its range of equipment for the food industry and hopes to compete against other leaders in the market.
"Within JBT is a new division that we are starting with the acquisition of Proseal. The business is expanding in the markets where we are not active yet", explained Jasper van Altenna, Food Technologist -HPP.
The acquisition will also help the company to achieve a 20% increase in its turnover for this year, according to Lisa Wessels, Marketing Director. For now, from her point of view, North America and Europe are the most important markets for the group while the rest of the world is emerging.
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