JBT Corporation Acquires Proseal
JBT has signed a definitive agreement to acquire the company, subject to regulatory approvals. The deal will allow Proseal to further expand its business by providing access to JBT’s global sales and service network. Closing is expected in second quarter 2019.
Established in 1998, Proseal employs 350 staff in Adlington, Cheshire, with additional facilities in Richmond, Virginia and Melbourne, Australia, and it supplies high-quality tray-sealing machines to markets worldwide.
Under the terms of the deal, the management will remain in place and the Proseal brand will also be retained.
“We are delighted to announce that Proseal is to become part of JBT, which will significantly enhance our global presence. This deal will ensure Proseal’s continued growth and success through access to JBT’s global sales and service network, enhancing our customer support overseas as well as growing our business into new markets," said JBT's Steve Malone.