KKR-backed Bettcher Industries to acquire Frontmatec from Axcel.

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.