JBT acquires produce and ready meals provider FTNON

JBT Corporation has acquired FTNON, an equipment specialist for the fresh produce, ready meal and pet food sectors.

JBT purchased the Almelo, Netherlands-based company, which has a presence in more than 60 countries and provides a range of technology for food processors including pre-cleaning, produce preparation and mixing systems, for just over $37 million before post-closing adjustments.

Tom Giacomini, JBT’s chairman, president and chief executive officer, said the acquisition provides the company entry into the fresh-cut equipment market.

“It also brings robotic technology for cutting, coring, and peeling fruits and vegetables – a valuable capability that reduces customers’ labor requirements,” he said.

JBT said the acquisition of FTNON is expected to add annual revenue of approximately $30 million to its FoodTech business, which already provides a wide range of technology and processing solutions to the fresh produce sector, including labelling and cleaning systems.