JBT Corporation to acquire Proseal UK for £220m.

JBT Corporation, a global technology solutions provider to high-value segments of the food & beverage industry, to acquire Proseal UK, a leading provider of tray sealing technology for the food industry. The purchase price is £220m, before customary post-closing adjustments. Closing is expected in the second quarter of 2019 and is subject to regulatory approvals. "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," stated Tom Giacomini, JBT's Chairman, President, and Chief Executive Officer. "Moreover, we believe Proseal's technology affords growth opportunities around the globe."