CHICAGO, June 29, 2010 /PRNewswire via COMTEX/ --
JBT Corporation (NYSE: JBT) today announced that its JBT FoodTech business signed a definitive agreement to acquire assets of International Food Technology Co., Ltd. (IFT) and Food Audits International Co., Ltd. (FAI), both of which are headquartered in Bangkok, Thailand. The acquisition of IFT and FAI strengthens JBT FoodTech's regional capabilities to provide complete sterilization solutions including food safety consulting, lab services, process auditing, and training. The transaction is expected to close within the next few weeks. Terms of the transaction were not disclosed.
"The integration of IFT and FAI's technical capabilities with those of JBT FoodTech will provide a broader and substantial platform in Asia to service regional and global customers alike," stated Juan Podesta, Vice President and Division Manager for JBT FoodTech's Food Processing Systems Division.
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT Corporation employs approximately 3,300 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries. For more information please visit www.jbtcorporation.com orwww.jbtfoodtech.com.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company's ability to control. These risks and uncertainties are described under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission that may be accessed on the Company's website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
SOURCE JBT Corporation