JBT Corporation announced it has purchased Prime Equipment Group Inc., for $65 million. Prime Equipment is a manufacturer of turnkey primary and water re-use solutions to the poultry industry, headquartered in Columbus, Ohio.
“The acquisition of Prime advances our goal of becoming the preferred provider of full-line solutions for poultry customers with the addition of Prime’s primary processing capabilities,” said JBT Chairman, President, and Chief Executive Officer Tom Giacomini.
“Prime’s latest technologies address pressing needs in the poultry industry in the areas of automation and water re-use which will further strengthen our customer relationships,” said JBT Executive Vice President and President, Protein Paul Sternlieb. “Prime’s revenue is primarily concentrated in the U.S., and we look forward to leveraging JBT’s global reach to accelerate the deployment of the automation and water technology for growth outside the U.S.”
JBT has also announced completion of the previously announced acquisition of Proseal UK, a provider of tray sealing technology for the food industry, for about $280 million.