JBT Corporation [NYSE: JBT], a Chicago, Illinois-based technology solutions provider for the food processing and air transportation industries, has acquired Spain-based Urtasun Tecnologia Alimentaria, a provider of fruit and vegetable processing solutions.
The purchase price was approximately USD 40m. Urtasun expects 2021 revenue of approximately USD 25m with Adjusted EBITDA margins in the mid-to-high teens.
PKF Attest acted as financial and legal advisor to the sellers”
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