The company promotions follow January 2024’s naming of Dan Crist, longtime A M King vice president, as the firm’s president. Company founder Brian King, who took on the role of CEO at that time, has been committed to paving the way for this next generation of leadership.
The all-cash transaction is valued at approximately $40 million, subject to a working-capital adjustment, and includes relevant trademarks and licenses and the company’s manufacturing facility in Chicago.
The Fellow member-grade is one of the ISA’s highest honors, recognizing only Senior Members who have made exceptional contributions to the automation profession, in practice or academia.
CPM Crown’s Lifecycle360 offers a suite of support services for oilseed, renewable fuels and specialty processing companies around the world. Lifecycle360 is designed to help companies streamline and optimize the full life cycle of their facilities, from pre-engineering to long-term maintenance needs.
With the addition of more than 90 family farms and a modern egg processing facility in Iowa, this combination will support Pete & Gerry’s growth, particularly across the Midwest and West.
With Melt&Marble contributing its proprietary fats, and Valio bringing its knowledge of formulation and food application, the companies will work on developing products that meet industry demand for functionality and taste.
The new institute serves as Lactalis’ North American culinary and sensory channel operations and aims to foster innovation, enhance customer and consumer experiences with the company’s dairy products, and test product quality.
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