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Announced

Completed

KKR-backed Fortifi completed the acquisition of Nothum Food Processing Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Single Bidder

United States

food manufacturing

Food Products

Acquisition

Domestic

Private

Majority

Friendly

Private Equity

Synopsis

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KKR-backed Fortifi, a provider of automated processing solutions designed to solve tomorrow's problems for the entire food industry, completed the acquisition of Nothum Food Processing Systems, a food processing equipment and automation solutions provider. Financial terms were not disclosed. “Nothum provides innovative, high-quality equipment backed by strong customer service. Thanks to Nothum’s technology leadership, this acquisition expands Fortifi’s advanced processing offerings and allows us to continue serving our customers with excellence," Massimo Bizzi, Fortifi Chief Executive Officer.

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