Announced
Financials
Sources
Tags
Machinery: Industrial
Private Equity
Pending
Acquisition
Friendly
Denmark
Majority
Private
Single Bidder
food processing
Cross Border
Synopsis
KKR-backed Bettcher Industries, a manufacturer of protein processing equipment, agreed to acquire Frontmatec, a manufacturer of end-to-end automated solutions for pork and beef processing, from Axcel, a private equity firm. Financial terms were not disclosed. “Frontmatec has built a leading brand and position by enabling customers to continuously improve the productivity and safety of their workforce. The Company’s capabilities in automation and its global presence make it a superb fit for the Bettcher platform, and we are excited to work with Allan and his team to extend our collective innovation leadership,” Tim Swanson, Bettcher CEO.
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