US – JBT Corporation, a leading American food processing machinery and airport equipment company, is set to acquire Prevenio, a US-based provider of food safety solutions in an effort to become the preferred provider of full-line solutions for poultry customers.
Prevenio, formerly known as CMS Technology, offers pathogen protection through its anti-microbial delivery solution that enhances food safety and integrity for its clients in the protein and produce markets.
Its solutions are primarily tailored for the poultry industry where it has expertise in providing breakthrough solutions to prevent foodborne illness from entering the supply chain.
The acquisition made at a cost of US$170 million will see JBT enhance its recurring revenue portfolio and further its investment in solutions that support its customers’ daily operations.
JBT acquired US manufacturer of turnkey primary and water re-use solutions for the poultry industry Prime Equipment Group with an aim of becoming a one-stop shop for poultry customers.
Bringing Provenio on board further enhances JBT’s ability to effectively cater for all the needs of its poultry customers.
“JBT’s investment in Prevenio furthers our support in the protection of our customers’ brands and reputation by focusing on the prevention of foodborne illness,” said Brian Deck, JBT’s president and CEO.
“Prevenio also broadens JBT’s non-equipment offering while helping customers protect against pathogen threats in their daily plant operations.”
Headquartered in Bridgewater, New Jersey, Prevenio also has a full-service laboratory in Bogart, Georgia that specializes in microbiology focused on both field and R&D testing.
The transaction is expected to be completed early in the third quarter. Prevenio expects run-rate annual revenue at the end of 2021 of approximately US$50 million.
Tate & Lyle bolsters presence in Brazil’s fruit preparation market
Meanwhile in Brazil, global supplier of food and beverage ingredients is eying a greater share of the country’s fruit preparation market.
To this end, the company has entered a new long-term partnership with Agrana which will see Tate & Lyle Brazil transfer the production of fruit preparations from its facility in Juiz de Fora, Minas Gerais, to Agrana Fruit’s facility in Cabreúva, São Paulo.
According to a statement from Tate & Lyle, the deal will see the company gain access to Agrana’s manufacturing technology and expertise, helping it target other categories apart from yogurt and dairy drinks which it currently serves.
“With this agreement, we will have access to new manufacturing technologies, which will allow us greater ability to expand in the market, maintaining the technical and commercial service that we are known for in-house,” said Oswaldo Nardinelli, general manager of Tate & Lyle in Latin America.
Tate & Lyle’s has been targeting to increase its presence in the Brazilian market for ingredients for the food and beverage industry.
In November 2019, Tate & Lyle inaugurated its new and expanded Latin American headquarters in São Paulo, Brazil – reflecting the importance of the region for the company.
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