JBT buys food preservation equipment provider

2 July 2014

JBT Corp. (NYSE: JBT) said it has purchased the ICS Solutions business from Stork Food and Dairy Systems.

ICS Solutions, located in Amsterdam, The Netherlands and Gainesville, GA (USA.), is a worldwide leader in the engineering, installation and servicing of high-capacity food preservation equipment.

ICS´ Hydromatic continuous sterilizer is a premier in-container system used to sterilize a broad range of foods, including beverages and dairy products. ICS enjoys a large, worldwide installed base providing a strong source of recurring revenue.

The purchase price was approximately EUR26m, before customary post-closing adjustments.

JBT is a leading global technology solutions provider to the food processing and air transportation industries. For more information, visit www.jbtcorporation.com.

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