Chicago-based JBT Corporation, a technology provider to the food & beverage industry, said on Tuesday it signed a definitive agreement to acquire Proseal UK Limited, a provider of tray sealing products, for £220 million.
Privately held Proseal is headquartered in Adlington, Chesire, with additional production facilities in Richmond, Virginia and Melbourne, Australia.
“Tray sealing is a packaging technology used across a broad spectrum of food products, including ready meals, fresh produce, sandwiches, and proteins, that enhances freshness and flavor by sealing the product with film over a preformed tray,” said JBT.
“Proseal has been at the leading edge of developing environmentally-friendly packaging that minimizes the use of plastics while reducing food waste by extending the product’s shelf life.”
JBY CEO Tom Giacomini said: “The acquisition of Proseal represents an important expansion of JBT’s capabilities, adding significantly to our end-of-line market position and advancing our strategy of providing full-line customer solutions,”
“Moreover, we believe Proseal’s technology affords growth opportunities around the globe.”