INDUSTRIAL CONTROLS MARKET HEALTHY
According to a MARKETS AND MARKETS report, the industrial control and factory automation market is expected to reach sales of $269.5 billion by 2024, up from $160 billion reported in 2018 for a CAGR of about 9 percent. Market growth can be attributed to an emphasis on industrial automation and optimum utilization of resources.
The BONDUELLE GROUP has entered into discussions with SENECA FOODS CORPORATION to acquire its plant in Lebanon, Penn., which has seven processing lines.
TREEHOUSE FOODS, as part of its 2020 restructuring program, plans to close its St. Louis facility at the end of June; related work will shift to the company’s Oak Brook, Ill., location.
CITY BEAN ROASTERS
CITY BEAN ROASTERS in Los Angeles has announced toll roasting availability on vintage Probat roasters (circa 1926 and 1963) equipped with enhanced software to keep roasts consistent and with documentation.
JET MARKING SYSTEMS
JET MARKING SYSTEMS, provider of label application solutions and ancillary equipment, has signed partnership agreements with three labeling equipment manufacturers. They include GREAT ENGINEERING (Australia), ACCENT LABEL (British Columbia) and EPSON COLORWORKS (Long Beach, Calif.).
DURAVANT acquired WULFTEC INTERNATIONAL INC., the North American supplier of fully and semi-automatic end-of-line, stretch-wrapping equipment. The partnership bolsters Duravant’s end-of-line portfolio of packaging solutions and extends the company’s integration and automation capabilities.
AMERICAN PASTEURIZATION COMPANY
AMERICAN PASTEURIZATION COMPANY (APC), a provider of high-pressure processing, has acquired FRESHCO FOODS, a Milwaukee-based end-to-end co-manufacturer of premium and specialty food products. As part of the acquisition, FreshCo has been renamed APC MANUFACTURING.
TETRA PAK appointed ADOLFO ORIVE president and CEO, following the decision by Dennis Jönsson to step down after 14 years in the job and 36 years with the company. Orive was cluster vice president North, Central and South America, and he joined Tetra Pak in 1993.
INTERROLL nominated ELENA CORTONA as a board of directors member, with the final vote due in May. Since 2017 she has been senior vice president of digital transformation in the CTO Division of the Schindler Group.
JOHN MOJONNIER retired as CEO and president of MOJONNIER LTD. after more than 47 years with the product line and four years as CEO and president. He will serve as chairman emeritus.
ERIEZ promoted CHARLIE INGRAM to its newly created position of executive vice president and chief marketing officer. He served most recently as Eriez vice president of sales and marketing.
TNA promoted JONATHAN RANKIN to chief executive officer, after having recently returned to tna as chief sales officer.
PARSONS appointed STUART KIPPELMAN to the position of chief information officer.