JBT to acquire Bevcorp

JBT Corporation, a global technology solutions provider, has signed an agreement to acquire Bevcorp, a provider of beverage processing and packaging solutions.

Bevcorp was founded in 1992 and is headquartered in Eastlake, Ohio. The business’ solutions in blending, handling, filling and closing technologies serve a range of customers in high-value segments of the beverage market, including carbonated soft drinks, seltzers, carbonated water, energy drinks and ready-to-drink alcoholic beverage blends.

Along with its strong new equipment offering, Bevcorp has a resilient mix of rebuilds, aftermarket parts, and services, representing recurring revenue of more than 60%. JBT, who provides services to the food and beverage industry, expects the business to achieve 2022 revenue and EBITDA of approximately $85 million and $20 million, respectively. The transaction is expected to close in the third quarter of 2022.