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Latest headlines

JBT to acquire Cooling and Applied Technologies, Inc.

By Jeremy Gerrard
JBT acquires liquid solutions provider
September 20, 2016

Food processing equipment supplier JBT Corporation announced this week it has signed a definitive agreement to purchase the assets of Cooling and Applied Technologies (C.A.T.), Inc. for $90 million.

Located in Russellville, AR, privately held C.A.T. is a leading manufacturer of value-added food solutions, primarily for the poultry industry — focusing on chillers, injection, marination, weighing, freezing, and refrigeration systems.

“The addition of C.A.T. enhances JBT’s presence in primary and secondary protein processing and advances our strategic acquisition program in Proteins and Liquid Foods,” says Tom Giacomini, JBT's chairman, president and CEO. “The C.A.T. team brings deep technical knowledge, an excellent reputation, and strong relationships within the poultry industry, enhancing JBT’s value proposition in the domestic market. As part of JBT, C.A.T. will access our global sales and service organization, driving geographic expansion of their technology.”

The transaction is expected to close in the fourth quarter of 2016, subject to regulatory approval and other customary closing conditions.

KEYWORDS: food processing industry mergers and acquisitions

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Jeremy Gerrard was Food Engineering's Digital/Online Editor. He is a graduate of Auburn University with a degree in journalism. His previous work experience includes years spent as a reporter with the Daily Local News out of Chester County, PA. In addition to writing feature articles for Food Engineering, Jeremy covered the Dry Processing, Field Reports and People and Industry news sections.

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