JBT Corporation

JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM) has completed the settlement of its voluntary takeover offer to acquire all validly tendered shares of Marel hf.

John Bean Technologies Corporation (JBT) has initiated a voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (Marel). Although a formal approval of the takeover is still pending, a blueprint of the future organisational structure for the combined company has already been released.

JBT and Marel hf. have executed a definitive transaction agreement related to JBT’s previously announced intention to make a voluntary takeover offer for all the issued and outstanding shares of Marel.

JBT Corporation, a global technology solutions provider to the food processing and air transportation industries, announced today it has purchased the assets of Wolf-tec, Inc.