Prime Equipment Group, Inc. is excited to announce the signing of a definitive agreement to be acquired by JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food & beverage industry. The transaction closed on May 31, 2019.
The combined companies will provide a stronger long-term commitment to primary processing efficiency improvements via new technologies for the poultry industry.
JBT Corporation, headquartered in Chicago, Illinois, employs approximately 5,900 people and operates sales, service, manufacturing, and sourcing operations in more than 25 countries with annual revenue of approximately $1.9 billion.
We expect this combination to offer many advantages for our customers, including but not limited to:
A stronger worldwide sales and service network to better support customer needs
Future innovation and technology enhancements in both Prime’s and JBT’s equipment and service offerings, as we continue to invest to solve our customers’ biggest problems.
We will begin integrating our two businesses, where appropriate, to better support all of our customers.
There are many exciting opportunities in our future. We will be in regular communication over the coming weeks and months to review them with you.
Please know that Prime will continue to operate under the same name, at the same locations, with the same personnel.
We are committed to serving you with sincere dedication. Please contact your Prime/JBT sales representative with any questions or comments.
We thank you for your business and support. We are excited about working with you as the new Prime/JBT team – Stronger Together.